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In California, as a community property state, spouses share equal interest in property acquired during marriage, regardless of whose name is on the deed or mortgage. A quit claim deed transfers the granter's interest in the property without guaranteeing that interest. Even if the property owner reports to credit bureaus, your credit will only be negatively affected if you miss mortgage payments. Importantly, signing a quit claim deed relinquishes your rights to the property but does not absolve you of financial obligations; you remain responsible for mortgage payments despite being removed from the title.