Legal Question in Real Estate Law in Utah

Quitclaim Deed

I am ending a 5 year relationship. During that time we built a house together. He is going to keep the houses and refinance it into his name. He has asked me to sign a quitclaim deed before the refinance process has begun (he is pre approved). He has already paid me out of my equity and is worried about me wanting more. I don�t want any more from him, but I also do not want to leave myself in a vulnerable position if he chooses not to refinance by signing a deed. If I sign the deed do I have any more rights to the house? Can I write a letter and have it notarized stating that my equity in the house was paid and that I expect nothing else? Would that be legally binding? At what point should I sign the deed?


Asked on 2/12/07, 3:07 pm

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

Re: Quitclaim Deed

Sign the deed but give it to the escrow/title company who is doing the refinance with instructions to them that it is not to be recorded until the refinance is complete, and that it can be recorded with the new loan documents.

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Answered on 2/12/07, 3:19 pm


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