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Quitclaim Deed Two Individuals to Three Individuals Michigan Form

Quitclaim Deed Two Individuals to Three Individuals Michigan Form

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Instructions and help about Quitclaim Deed Two Individuals To Three Individuals Michigan

hi I'm Denise cooling from Banfield cooling law and mediation in Brighton Michigan and this free video is to address a question I get all the time and I think most family law attorneys have received the same question the question is what is a quick claim deed and in the context of a divorce the function of a quick claim deed is for one party to give up any interest they have in property being awarded to another party so in a typical divorce situation imagine Ann and Bill owned a property together they their on the deed they're also on the mortgage say that their divorce judgment and calls for and to receive the property and Ann has to give bill $20,000 she's going to refinance the property and when she does bill will get $20,000 his name will come off the mortgage but his name is still on the deed so the quitclaim deed is where bill takes his name off the deed to Anne's property so afterwards she owns her property in her name and the mortgage is only in

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