This form is a Quitclaim Deed where the Grantors are three individuals and the Grantees are Husband and Wife. Grantors convey and quitclaim the described property to Grantees. Grantees take the property as tenants in common or joint tenants with the right of survivorship. This deed complies with all state statutory laws.
Maryland Quitclaim Deed - Three Individuals to Husband and Wife
Category:
State:
Maryland
Control #:
MD-025-77
Format:
Word;
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FAQ
A quitclaim deed between a husband and wife is a legal method for transferring property rights without warranties. This type of deed is often used in marital transactions to simplify property division or clarify ownership. Utilizing the Maryland Quitclaim Deed - Three Individuals to Husband and Wife ensures that ownership is clearly defined, protecting both parties.
Two of the most common ways to transfer property in a divorce are through an interspousal transfer deed or quitclaim deed. When spouses own property together, but then one spouse executes an interspousal transfer or a quitclaim deed, this is known as transmutation.
Yes you can. This is called a transfer of equity but you will need the permission of your lender. If you are not married or in a civil partnership you may wish to consider creating a deed of trust and a living together agreement which we can explain to you.
In most states you can file a disclaimer or deed of disclaimer that says specifically you were placed in title without your knowledge or consent and disclaim the deed.
If you are married and your name is not on the title deed, you may have relinquished your ownership right.
To change the names on a real estate deed, you will need to file a new deed with the Division of Land Records in the Circuit Court for the county where the property is located. The clerk will record the new deed.
When it comes to reasons why you shouldn't add your new spouse to the Deed, the answer is simple divorce and equitable distribution. If you choose not to put your spouse on the Deed and the two of you divorce, the entire value of the home is not subject to equitable distribution.
To use a Quitclaim Deed to add someone to a property deed or title, you would need to create a Quitclaim Deed and list all of the current owners in the grantor section. In the grantee section, you would list all of the current owners as well as the person you would like to add.
The easiest way to grant your spouse title to your home is via a quitclaim deed (Californians generally use an interspousal grant deed). With a quitclaim deed, you can name your spouse as the property's joint owner. The quitclaim deed must include the property's description, including its boundary lines.