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In California, as a community property state, both spouses have equal interest in property acquired during marriage, regardless of whose name is on the deed or mortgage. A quit claim deed can transfer ownership interest but does not guarantee any promises about that interest. Even if the owner's mortgage payments are reported to credit bureaus, late payments are necessary to negatively impact credit scores. Signing a quit claim deed relinquishes rights to the property but does not eliminate financial obligations; individuals remain responsible for mortgage payments despite being removed from the title.