The Lindley Team at Mortgage Express | 503.517.8641
Understanding the Transfer of Real Estate During Divorce
The basic understanding of the various real estate deeds is a must when transferring title and ownership to real estate during a divorce situation.
A real estate deed is a legal instrument (document), almost always in writing, that passes an interest in real estate from one person to another person. In short, when real estate is sold or given to someone, it is done with a deed. The new owner of the real estate receives their rights to the property and any title warranties given by the previous owner from the deed.
Quit Claim Deed:
Title companies may require a quit claim deed in order to clear up what they consider to be a cloud on the title prior to issuing title insurance.
The Lindley Team
Currently, The Lindley Team is the only Certified Divorce Lending Professional team in Portland, OR. Let us help equip you for the best possible outcome in relation to your mortgage and marital home.
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