real estate matter
UPDATED: Jun 30, 2009
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real estate matter
grandma & grandson are on title at the property as joint tenants, before grandma died she quitclaim it grandson, now grandson wants to sell the property, and familty members are asking for their shares, are they entitled for anything?
Asked on June 30, 2009 under Real Estate Law, California
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
A quitclaimdeed transfers whatever ownership interest a person has in a property. It makes no guarantees about the extent of the person's interest. This can be especially useful if it isn't clear how much of an interest, if any, one party has in property that's held in the other's name. Quitclaim deeds are also frequently used when there is a "cloud" on title -- that is, when a search reveals that a previous owner or some other individual, like the heir of a previous owner, may have some claim to the property. The individual can sign a quitclaim deed to transfer any remaining interest.
All deeds must be notarized and filed. Some states even require that they be witnessed. You should take all the documents you have to an attorney to review and advise you of the proper way to proceed. Family can get funny when money is involved. You need to protect your investment and your Grandmother's intent for the property. Look here at attorneypages.com for starters.
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