Need help with a QuitClaim form.

Need help with a QuitClaim form.

San Antonio, TX · Member since 2019 · 38 posts · 12 votes

Im in San Antonio, TX.  Here's the story: Im trying to buy a house.  The house belongs to a divorced couple, who both appear on the title.  The wife just wants to be done with the house and will sign over the title to the husband through a quitclaim deed, without asking for any money.  Now I know a quitclaim deed carries no warranty on title or any other warranty, but the house is currently in both these peoples names, and their mortgage is paid off already.  

He doesnt want to pay for a lawyer to create a quitclaim deed, and neither does she, they both want the other person to pay that lawyer.  And they dont want me to pay for the lawyer either, because they are possibly very wary that I might do something to steal their house, or they think that the money spent on a lawyer is money that they could get.

So basically, is there a lawyer on here who can tell me the essentials of what a quitclaim deed is, who is the grantor and who is the grantee, if both people owned the house and one is just relinquishing rights in the property?  I know the husband, who is going to be the recipient, will be the grantee, but is the grantor just the wife or both of them?  also, does she need to state specifically in that deed that she is 'quit claiming all rights' in the property to the grantee or should the words be 'quit claiming 100% of the rights'?

Also, does the execution of this deed require some sort of monetary exchange to be mentioned?

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  • Member since 2021 · 16 posts · 4 votes
    5y

    If its a good deal use your own lawyer.

  • San Antonio, TX · Member since 2019 · 38 posts · 12 votes
    5y

    @mitch hill I can, but it needs their signatures so they are going to know II am using a lawyer and they dont want me to pay for  lawyer because they think it will cut into their profits

  • Investor · San Antonio, TX · Member since 2017 · 344 posts · 268 votes
    5y

    Get a contract signed, take it to a title company and they will work out the details on what needs to be done. 

    It will be easier and a better process for everyone involved. 

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