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My ex and I have a time share and we agreed that I would retain possession of it. When filling out the quit claim, am I considered a grantor and the grantee?
Asked on June 30, 2009 under Real Estate Law, Nevada
B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
For a quitclaim, in most states, only your ex would need to be the grantor, you would be the grantee. If you want to be certain that this is how it should be done in this case, in your state, you should check with a local attorney.
A quitclaim deed gives up whatever interest the grantor has, to the grantee. Unlike other types of deeds, it doesn't contain any language in which the grantor asserts that she or he has any interest to sell. It's used in situations like these, where it's simply being used to remove one person's name from the title.
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