Full question:
Are property quick releases legal in Florida. i.e. to remove one parties name from a property title?
- Category: Real Property
- Subcategory: Deeds
- Date:
- State: New Jersey
Answer:
While the term "quick release" is not commonly used, a quitclaim deed is typically employed to remove a person's name from a property title, such as in cases of separation or divorce. For instance, a deed can transfer ownership from both spouses to just one spouse.
A quitclaim deed is the standard method for removing a name from a title. This deed must be signed and notarized by the current owner (grantor) and must include details about the property, the grantor, and the new owner (grantee). To be valid, the deed must be delivered and accepted, which can be indicated by the grantee's possession of the deed.
After signing, the deed must be recorded in the county where the property is located to complete the transfer. There are two main types of deeds: a warranty deed, which guarantees ownership, and a quitclaim deed, which transfers only the interest the grantor has in the property without any warranties. A quitclaim deed does not hold the seller liable for any existing claims on the property, and the buyer assumes any existing liabilities, such as taxes or liens. Additionally, if a mortgage exists, the person who signed the quitclaim deed remains responsible for mortgage payments.
Quitclaim deeds are often used among family members or co-owners when ownership is clear or to clear title issues.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.