Quitclaim Deed from Three Individuals to Five Individuals - New York 2025

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You can put however many people you want. But quitclaiming part of your interest may not be the best idea.
Moshes Law P.C. When you want to give someone a property in New York, you can do it in a few different ways. One way is by using a special document called a quitclaim deed. This paper helps transfer ownership of the property from one person to another.
In Washington, the requirements for a Quitclaim deed are simple: it must be in writing, contain a legal description of the property, be signed by the grantor, and the grantors signature must be notarized.
Since a quitclaim deed doesnt guarantee clear ownership, you might unknowingly transfer property with liens or other claims against it. This can lead to estate planning problems, especially if the grantor doesnt fully own the property or other family members dispute the transfer.
When there are two names on a title deed, it means that there are joint owners of the property and each person owns an equal share of the property. The mortgage does not need to include both names to be valid. Even if the mortgage only lists one spouse, it does not affect the share of the ownership of the property.
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A quitclaim deed is only valid if both parties willingly performed the property transfer. If there is evidence that the grantor was coerced into filing the quitclaim against their will, this is grounds to revoke it.
In New York, property titles can be transferred through either a gift deed or a sale deed, depending on the nature of the transaction. A gift deed is used when property is transferred without any exchange of money, often between family members.
Unlike other warranty deeds or other policies, a quitclaim deed does not offer warranties or guarantees for the property title and instead transfers the property as is. This means the recipient of the property may not have any legal recourse if issues or disputes arise regarding the titles validity.

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