Question About QCD!
If theres a property where only the husband is on title because he bought it as a single person and they are quit claiming it to us and only he quit claimed it since he is the only one on title, then does his wife have a right to come after us?
Thanks,
Chase
He can't sell his W's interest without her signature, so she'll still own whatever she owns now.
I'd insist on a title policy to you to make sure you're getting sufficient title to make it worth your while...unless he's just giving it to so you really can't make any demands on him.
If it is considered thier "homestead" then his wife has to sign. If it is an investment property than she doesn't.(unless she is on title).
But he may lie to you, so do what John Merchant said and get a title policy, it is always worth the money.
It was considered their homestead, they inherited their parents house and moved into it and were renting this one. Although i now found out no renters certificate and probably not landlord insurance... unfortunatly i'm learning the hard way by trial and error. This is a $21k deal , though.
Quote:
On 2004-10-30 19:33, baytitleguy wrote:
If it is considered thier "homestead" then his wife has to sign. If it is an investment property than she doesn't.(unless she is on title).
But he may lie to you, so do what John Merchant said and get a title policy, it is always worth the money.
Chase,
From what I understand, in IOWA, the wife has no right to the property and you don't need her signature. If you can get it, you might as well get a quit claim deed from her.
If you want to know for sure--ask an attorney!
Also why not use a warranty deed? Much, much better than using a quit claim deed.
Did that sub2 turn out?
(note: I was assuming your state law is similiar to FL)- you can find your homestead provisions in your state constitution.
Ruman, I am sorry, but I am a tad confused on whats going on here after your last post. If you could explain the deal and situation a little more clearly, I can probably offer you better advice.
Thanks[ Edited by baytitleguy on Date 10/30/2004 ]