Posted on: 30th May, 2008 07:57 am
if both hunsband and wife won the property ; now they decide to transfer it to wife; should both of their names printed as grantor even wife doen't give up her interesting to the house? should wife's name on grantee only?
Also, in "Consideration" field, shoule it be the original purchase price or current estimated value they split money based up on?
Thanks very much in advance!!
Also, in "Consideration" field, shoule it be the original purchase price or current estimated value they split money based up on?
Thanks very much in advance!!
Husband should sign quitclaim deed to wife. Consideration is not required, but would be the value of the interest transferred, in this case, one half.
Welcome HXS.
The wife should be the grantee and the husband should be the grantor as the husband is quitclaiming the property to the wife. And I think the money they split should based on the current estimated value. BTW I think you should consult with a lawyer on this.
The wife should be the grantee and the husband should be the grantor as the husband is quitclaiming the property to the wife. And I think the money they split should based on the current estimated value. BTW I think you should consult with a lawyer on this.
