Quit Claim - Need Help

[PrincessPetunia]

Hi everybody.

i am in a dilemna.
I am in California and i need help with the Quit Claim laws here.

Last month, my husband and sister in law bought a house as an investment. As usual, the piles of documents to sign, but this time i was asked to sign a Quit Claim on this property.

I am not from the US, so it didn't strike me what the real meaning of quit claim was until we were out of the escrow office.

I asked the real estate agent (also my husband and sister in law's friend) who handled this case for us.
And his reply was 'the quit claim is part of the process in acquiring the house. We needed you to sign on it so that your sister in law can put down her name as co-owner."

however, I stil don't feel its right. Does anybody agree with this real agent agent/friend? i think he is lying to me.

I have a feeling my in laws are having me sign the quit claim to protect their son. I feel betrayed as i have left a high paying job to come live in the US and help take care of my husband's ailing grandfather who passed on two months ago. I am totally capable of surviving on my own, and the thot of divorce or wanting a single cent from my husband if we do one day seperate has never crossed my mind. My husband knows i will not want a single cent, but he believes his real estate agent friend is saying the truth.

Could someone please help to verify this matter?
I do feel very disappointed in my in laws for putting me through this.

you can email me directly at [email]Audrey@ConversationPcs.com[/email]

Thanks a lot!
Much appreciated
Audrey

[HomeGuru]

Originally Posted by PrincessPetunia

Hi everybody.

i am in a dilemna.
I am in California and i need help with the Quit Claim laws here.

Last month, my husband and sister in law bought a house as an investment. As usual, the piles of documents to sign, but this time i was asked to sign a Quit Claim on this property.

I am not from the US, so it didn't strike me what the real meaning of quit claim was until we were out of the escrow office.

I asked the real estate agent (also my husband and sister in law's friend) who handled this case for us.
And his reply was 'the quit claim is part of the process in acquiring the house. We needed you to sign on it so that your sister in law can put down her name as co-owner."

however, I stil don't feel its right. Does anybody agree with this real agent agent/friend? i think he is lying to me.

I have a feeling my in laws are having me sign the quit claim to protect their son. I feel betrayed as i have left a high paying job to come live in the US and help take care of my husband's ailing grandfather who passed on two months ago. I am totally capable of surviving on my own, and the thot of divorce or wanting a single cent from my husband if we do one day seperate has never crossed my mind. My husband knows i will not want a single cent, but he believes his real estate agent friend is saying the truth.

Could someone please help to verify this matter?
I do feel very disappointed in my in laws for putting me through this.

you can email me directly at [email]Audrey@ConversationPcs.com[/email]

Thanks a lot!
Much appreciated
Audrey

**A: you have nothing to worry about.

[PrincessPetunia]

Hi Home Guru

how is that so?
i've been told that a Quit Claim means you transfer all rights to another person and it is final. Even death or a will will not over right the quit claim to make the property yours again.

[HomeGuru]

Originally Posted by PrincessPetunia

Hi Home Guru

how is that so?
i've been told that a Quit Claim means you transfer all rights to another person and it is final. Even death or a will will not over right the quit claim to make the property yours again.

**A: it is so because you stated that you do not want a single cent.
Now are you changing your story?

[PrincessPetunia]

HI Home Guru

yes... i'm not interested in the money or the house.
I am 31 and i own 4 properties myself back home.

I want to know if this family has betrayed my trust. If our real estate friend has lied to me.

I want to know what type of people i am living with.
I do not like mistrust within the family.

Please explain to me what would normally go on in a Quit Claim scenario.
Was it part of the process of buying a home in California?, as explained by our real estate friend? He said it was all part of home purchasing according to California laws.

Thank you.

[JETX]

Originally Posted by PrincessPetunia

I want to know if this family has betrayed my trust.

Of course, no one can answer that as we have no idea what your 'trust' is.

If our real estate friend has lied to me.

And we don't know EXACTLY what your 'friend' has told you.

A 'quit claim deed' is a document that releases a party from any interest in a piece of real estate. Simply, by signing it... you have released ANY claim of ownership or interest in the described property.

Quit claim deed:
A deed which transfers the interest the maker of the deed has in a parcel of land. It is often used to clear the title when the grantor's interest in a property is at question. When accepting a quit claim deed, the buyer assumes all the risks involved.

[PrincessPetunia]

HI there

My question was

Last month, my husband and sister in law bought a house as an investment. As usual, the piles of documents to sign, but this time i was asked to sign a Quit Claim on this property.

I am not from the US, so it didn't strike me what the real meaning of quit claim was until we were out of the escrow office.

I asked the real estate agent (also my husband and sister in law's friend) who handled this case for us.
And his reply was 'the quit claim is part of the process in acquiring the house. We needed you to sign on it so that your sister in law can put down her name as co-owner."

however, I stil don't feel its right. Does anybody agree with this real agent agent/friend? i think he is lying to me.

I have a feeling my in laws are having me sign the quit claim to protect their son. I feel betrayed as i have left a high paying job to come live in the US and help take care of my husband's ailing grandfather who passed on two months ago. I am totally capable of surviving on my own, and the thot of divorce or wanting a single cent from my husband if we do one day seperate has never crossed my mind. My husband knows i will not want a single cent, but he believes his real estate agent friend is saying the truth.

Could someone please help to verify this matter?
I do feel very disappointed in my in laws for putting me through this.

I said i'm not interesting in the money because i am 31 and i own 4 properties myself.
i just cannot stand that my in laws are betraying my trust in them.
as well as our family friend - the real estate agent.

Am i the only one left in the dark about all their actions?

[JETX]

Already asked, and answered.

[PrincessPetunia]

thanks!

i know what to do now.

[HomeGuru]

oh brother**************..