Quit Claim Deed
A legal document that transfers one person's ownership interest in real estate to another without guaranteeing the title is clear.
Understanding Quit Claim Deed
In divorce, a quit claim deed is commonly used when one spouse keeps the family home and the other relinquishes their ownership interest. It does not remove the transferring spouse from the mortgage — only from the property title. To be fully released from mortgage liability, the keeping spouse must refinance. Courts often order quit claim deeds as part of property settlement agreements.
Real-World Examples
He signed a quit claim deed transferring his interest in the house to her as part of their settlement.
Related Terms
Legal ownership of property, as documented on a deed, registration, or other official record.
Real PropertyLand and anything permanently attached to it, such as a house, garage, or built-in fixtures.
Marital PropertyAll assets and debts acquired by either spouse during the marriage, which are subject to division in divorce.
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This definition is provided for educational purposes only and does not constitute legal advice. Divorce laws and terminology may vary by state and jurisdiction.
Always consult a licensed attorney in your area for advice specific to your situation.