Posted on: 04th Nov, 2008 01:11 pm
How does a quitclaim deed affect property ownership in the death of a spouse?...My Aunt had Power of Attorney over my grandfathers finances. She took out a mortgage on his home and has defaulted on the payments. Unfortunately 2 weeks ago she had a massive heart attack and is now in a coma. My mother is now Power of attorney. My family is trying to saving my grandfathers house from foreclose sale, currently scheduled for Nov 24th. But wants to save it for my grandfather and not my aunts husband. In looking through the county records I see that a quitclaim deed was on file between my aunt and her husband. Does this mean that if my aunt were to pass, he would have no claims on the property?
Hi ndstewart!
Welcome to forums!
If your aunt had quitclaimed some portions of the property to her husband, then he will have certain ownership rights to the property. If the property is sold, he can demand some amount from the sale proceeds. If she had not quitclaimed anything to him, then he won't be having any claims on the property.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
If your aunt had quitclaimed some portions of the property to her husband, then he will have certain ownership rights to the property. If the property is sold, he can demand some amount from the sale proceeds. If she had not quitclaimed anything to him, then he won't be having any claims on the property.
Feel free to ask if you have further queries.
Sussane
Hi ndstewart,
What does the deed say about the transfer? I mean who's been listed as the grantor and who's the grantee? If your aunt has already quitclaimed the entire property to her husband, then of course the latter has all the rights in it. However, does your aunt have a Will?
Regards,
Jessica
What does the deed say about the transfer? I mean who's been listed as the grantor and who's the grantee? If your aunt has already quitclaimed the entire property to her husband, then of course the latter has all the rights in it. However, does your aunt have a Will?
Regards,
Jessica
