The Boston Division of the Federal Bureau of Investigation (FBI) issued a warning in April about an unprecedented increase in quitclaim deed fraud. A quitclaim deed is a legal document that transfers ...
Question: I have another question about quitclaim deeds. My wife owned a house prior to our marriage. After we got married, she filed a quitclaim deed to add me as a co-owner to the house. Is this ...
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What is deed fraud and how can you protect yourself?
Deed fraud is a type of identity theft. A criminal identifies a potential home to target — often a second home, rental, ...
A quitclaim deed is a legal document that transfers ownership of a real estate property from one party to another. A quitclaim deed doesn't guarantee that the grantor or signer has any right to the ...
For example, if your house was worth $200,000 with a $100,000 mortgage balance when the quitclaim deed is recorded, you would have to pay real estate excise tax on that $100,000 debt assumption.
Jean Folger has 15+ years of experience as a financial writer covering real estate, investing, active trading, the economy, and retirement planning. She is the co-founder of PowerZone Trading, a ...
Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...
(NewsNation) — Unsuspecting homeowners are discovering their properties have been sold out from under them in a scam that authorities say is becoming more common: Quitclaim deed fraud. The scheme, ...
What is a quitclaim deed? It's a legal document that transfers any ownership claim, interest, right or title a person or entity may have in a property to someone else. In effect, it releases (or quits ...
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What is a quitclaim deed, and when is it used?
A quitclaim deed is a legal document used to transfer ownership interest in a property without it being sold. They are often used in transactions between people who know each other well — a parent ...
There are instances when the owner or owners of a given property or real estate parcel seek to dispose of that ownership without a traditional sale. Alternatively, friends or family members may wish ...
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