Posted on: 23rd Dec, 2006 02:58 pm
Can grantor also be a grantee? What would the advantange be for wife (grantor) provide quitclaim deed to grantee (husband and her)? She might be involved in legal action where her house is in jeopordy. Would this stop or minimize her exposure?
Hi Dbowen,
Yes, a grantor can also be the grantee. For instance, you may quit claim a property as a grantor to some other person (grantee). If the same person quit claims the property back to you, then you will be regarded as the grantee. And, the person becomes the grantor.
Happy Christmas!
Thanks,
Sara
Yes, a grantor can also be the grantee. For instance, you may quit claim a property as a grantor to some other person (grantee). If the same person quit claims the property back to you, then you will be regarded as the grantee. And, the person becomes the grantor.
Happy Christmas!
Thanks,
Sara
The wife holds a share of interest in the property along with the husband after the quit claim is done. The wife has the right to use her share of property in her own way.
The wife may not be involved into any legal action if the husband suffers a loss or fails to maintain payments against the house. But she may have to pay either for her share of property or the whole if she wishes to save the home from being taken away by creditors.
The wife may not be involved into any legal action if the husband suffers a loss or fails to maintain payments against the house. But she may have to pay either for her share of property or the whole if she wishes to save the home from being taken away by creditors.
my father is the grantor, and i am the (grantee) therefore on the paperwork it says that he also is a (grantee) do i have any legal rights to the property, or do i have to wait till he passes.
Welcome gordiz,
If your name is mentioned as one of the grantees to the property, then you will be considered as one of the owners of the property. You will have equal rights to the property as your father. After your father's death, you can file an affidavit of heirship and get his share of the property transferred in your name.
If your name is mentioned as one of the grantees to the property, then you will be considered as one of the owners of the property. You will have equal rights to the property as your father. After your father's death, you can file an affidavit of heirship and get his share of the property transferred in your name.
i'm seeing all sorts of off-the-wall declarations here. the question, it seems, relates to a spouse using a quit claim deed to transfer to title to her husband and herself as joint owners.
there is nothing at all odd about that sort of transaction. frequently, someone buys a home when unmarried and makes that sort of transfer after marriage so as to make ownership of the home joint with the new spouse.
a grantor of a deed is not necessarily an owner of the property after the deed is filed, since the grantor may be relinquishing all title to the home.
we need to be careful how we read these queries and how we answer them. it seems that most of us have some especial expertise, but if we are not lawyers, then we best not be trying to dispense legal advice.
there is nothing at all odd about that sort of transaction. frequently, someone buys a home when unmarried and makes that sort of transfer after marriage so as to make ownership of the home joint with the new spouse.
a grantor of a deed is not necessarily an owner of the property after the deed is filed, since the grantor may be relinquishing all title to the home.
we need to be careful how we read these queries and how we answer them. it seems that most of us have some especial expertise, but if we are not lawyers, then we best not be trying to dispense legal advice.
