Legal Question in Real Estate Law in Washington
Quit claim deeds
Our daughter & son-in-law are separated by desire, not formally. Her husband has agreed to transfer their home solely to our daughter's name via a quit claim deed. We are familiar with the details involved. My questions is: after the deed has been recorded properly, and the time comes to sell the property, will there be any problems where the buyer is concerned?
1 Answer from Attorneys
Re: Quit claim deeds
Very possibly: giving a quit - claim doesn't release your son-in-law from his obligation to pay the mortgage.
And taking himself off the deed may trigger a default, so well before there is another buyer, these kids may well face trouble when the bank learns about the quit-claim, which is public record.
Also, "date of separation" is critically important. Your daughter needs to protect her legal rights and her credit rating.
Hope this helps. Powell
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
