quitclaim deed
A quitclaim deed offers the least level of buyer protection and is generally used for title transfers between family members or to clear a defect on the title.

What is a spousal disclaimer quit claim deed?

First and foremost, people typically sign a disclaimer deed so the other spouse can obtain a better interest rate on the mortgage. In order to accomplish this, the bank will require that the non-purchasing spouse sign a disclaimer deed (or quitclaim deed), which in effect waives any property interest in the house.

Does a spouse have the right to property after signing a quit claim deed in Arizona?

A quit claim is an unusual type of property deed as it contains no warranties of title. By signing the deed, the transferring spouse agrees to transfer whatever ownership rights he has in the property. However, the deed does not warrant or guarantee that the spouse transferring title is legally able to do so.

Can a Quit Claim Deed be used to add a spouse?

Note that when structuring a quitclaim deed to add a spouse, the original owner is both a grantor and a grantee on the deed. Some states do have additional requirements for quitclaim deeds (e.g., well disclosures).

Who are the grantees in a Quit Claim Deed?

The current owner – the person giving away their rights to the property – would be the grantor in the quit claim deed. The current owner would also be one of the grantees, the persons receiving the grantor’s rights to the property. The new person acquiring an interest in the property would also be a grantee.

How is an interspousal transfer deed different from a Quit Claim Deed?

An important difference between an interspousal transfer deed and a quit claim deed is that a quit claim comes with no guarantees or promises about property ownership. Some examples of circumstances where a couple might use a quit claim deed include:

How does a deed work in a divorce?

A deed is a written document that legally transfers property from one person or entity to another. Through a deed, one spouse can give his or her own property to the other, and the property becomes the receiving spouse’s separate property.