What is the name of your state (only U.S. law)? California.
This is the situation:
In 2003 - There were 3 of us who purchase a new Condo and all shared interest in ownership as a Joint Tenancy. In 2004, the home loan was refinanced in order to cash out on the available equity. It was decided in order to obtain a low rate for the loan, only one of the three (the one with the best Credit Score) would apply for the refinance.
All 3 parties should have still be listed as a Grantor for the property. Apparently, at the time the loan was refinanced in 2004 - there was a Grant Deed presented and signed to a single Grantor. So since 2004 there is only one party listed on the title. I may not have been fully aware that signing this document would sign over my interest, I was under the assumption that I would still be on the title.
My question is to confirm the process of Home Ownership Titles during a home loan refinance. Is having a Grant Deed signed part of the process or why else would that be necessary.
Thanks in advance!