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In California, as a community property state, both spouses hold equal interest in property acquired during marriage, regardless of their name on the deed or mortgage. A quit claim deed simply transfers the granter's interest in the property without any guarantees about that interest. Signing a quit claim deed relinquishes ownership rights but does not relieve the signer of financial obligations related to the property—responsibility for mortgage payments remains even after being removed from the title. Additionally, missing mortgage payments would impact credit scores, but simply owning the property does not directly affect credit unless payments are late.
