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In California, being a community property state means you share equal interest in any property acquired during marriage, regardless of being on the deed or mortgage. A quit claim deed transfers the granter's interest in the property but does not guarantee the value of that interest. Furthermore, to negatively impact your credit, mortgage payments must be late, even if the owner has reported to credit bureaus. Importantly, signing a quit claim deed relinquishes rights to the property but does not absolve you of financial obligations; you remain responsible for mortgage payments despite no longer being on the title.