Quitclaim Deed - Three Individuals to Two Individuals - California 2025

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If you are wondering, what are my rights if my name is on a deed but not the mortgage, it is important to understand that you are legally recognized as an owner of the property. However, you are not financially responsible for the loan.
A house deed is an important legal document that proves that you are the true legal owner of your house. It gives you certain title rights, such as the right to take out a mortgage, or to buy, sell, rent or transfer the house. As you likely know, a mortgage is a specific type of financial loan used to buy a home.
Generally, if there are two names on the deed and the deed does not describe how the property is owned, the default is that it is owned as tenants in common if the co-owners are not spouses and tenancy by the entirety if they are.
Once another person is added to the deed, the property can become exposed to their financial risks. If the other person has debts or legal issues, the property could potentially be seized by their creditors. Then, theres a loss of control to consider.
Joint tenancy with the right of survivorship means that all co-owners share equal rights to the property. If one tenant dies, their share automatically passes to the surviving tenants without going through probate.

People also ask

You can put however many people you want. But quitclaiming part of your interest may not be the best idea.
Signing. Generally, only the grantors are required to sign a quit claim deed because a grantor is the one who is giving up property rights. Both spouses are considered the grantors in a quit claim deed conveying jointly held real property to one spouse, and so both spouses must sign the deed in front of a Notary Public
You or your co-owner can add a third person to the title of the home. But you cannot add them as a co-owner of the property by yourself where each of you would then own one-third of the property. Instead, youd have to convey part of your ownership share in the home to that person.

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