quit claim deed

What is the name of your state?New Mexico
Is a quit claim deed legal if it isn't recorded in the courthouse?
Even if is signed and notarized....just not file in the courthouse

blahblahblah said:

What is the name of your state?New Mexico
Is a quit claim deed legal if it isn't recorded in the courthouse?
Even if is signed and notarized....just not file in the courthouse

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For any kind of deed to transfer real estate, the deed must be signed (by the owner or owners), sealed (i.e., notarized), and delivered (i.e., given to the buyer or recorded at the courthouse in the county where the land is located). In some jurisdictions, the buyer must also sign the deed.

blahblahblah said:

What is the name of your state?New Mexico
Is a quit claim deed legal if it isn't recorded in the courthouse?
Even if is signed and notarized....just not file in the courthouse

Click to expand...

**A: the deed is enforceable even if not recorded.

HomeGuru said:

**A: the deed is enforceable even if not recorded.

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Providing the grantor was actually in title at the time.

Of course, if the grantor, for example, defaults and loses the property while the grantee is sitting on this unrecorded QC, then there may end up being no property left to claim.

nextwife said:

Providing the grantor was actually in title at the time.

Of course, if the grantor, for example, defaults and loses the property while the grantee is sitting on this unrecorded QC, then there may end up being no property left to claim.

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nexie, how can the grantor "lose the property" if he does not own it?

Once it's granted out, it is gone....

quit claims

Florida - When I purchased my home I put it in my childrens name to allow them to use the small equity to obtain a mortgage to by their first home in another state. They have since sold that home,invested their profit in a newer home and my home is becoming a liability to them. Cn they quit claim the home back to me without incurring a tax penalty?

sergeant said:

Florida - When I purchased my home I put it in my childrens name to allow them to use the small equity to obtain a mortgage to by their first home in another state. They have since sold that home,invested their profit in a newer home and my home is becoming a liability to them. Cn they quit claim the home back to me without incurring a tax penalty?

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Please start your own thread in the taxation forum.

Thank you.