Posted by be be on September 24, 2006 at 22:05:58:
Ive been quit deeded some property along with my brother and sister.my question on the deed it states that the property is not my homestead property or any of my depedants. can anyone tell me what this means.Even tho i liv there.
Newbie here: my husband and I were joint owners of a duplex rental property. As part of an agreed-upon divorce settlement, he sold his share of equity to my brother, who is now the new owner, along with me, per an agreement we drew up among ourselves. The courthouse told me to use a generic deed form (“available at any office store”) and submit to them. Is a Warranty Deed the correct form? They all talk about Grantor and Grantee. Is it correct to say that Person A and Person B (wife & husband, Grantors) grant the property to Person A and Person C ([soon-to-be-ex]wife and her brother)??
Posted by John Merchant on June 23, 2004 at 11:17:18:
Quit Claim Deed is probably more apt form, since it’s an inside deal.
New owners would be named individually as "grantees.
You should have a lawyer draw the new deed so you know it’s done right. It is a legal doc., with lots riding on its being done right, so unless you’ve got lots of experience drafting deeds, don’t attempt this on your own.