For example, if your house was worth $200,000 with a $100,000 mortgage balance when the quitclaim deed is recorded, you would have to pay real estate excise tax on that $100,000 debt assumption.

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...

Question: I have another question about quitclaim deeds. My wife owned a house prior to our marriage. After we got married, she filed a quitclaim deed to add me as a co-owner to the house. Is this ...

I had a client in this week for her annual review of her fully-funded trust-based estate plan. She asked me about other types of planning by acquaintances about which she has become aware, and the ...

The Boston Division of the Federal Bureau of Investigation (FBI) issued a warning in April about an unprecedented increase in quitclaim deed fraud. A quitclaim deed is a legal document that transfers ...

Jean Folger has 15+ years of experience as a financial writer covering real estate, investing, active trading, the economy, and retirement planning. She is the co-founder of PowerZone Trading, a ...

What is a quitclaim deed? It's a legal document that transfers any ownership claim, interest, right or title a person or entity may have in a property to someone else. In effect, it releases (or quits ...

A quitclaim deed is a legal document that transfers ownership of a real estate property from one party to another. A quitclaim deed doesn't guarantee that the grantor or signer has any right to the ...

A quitclaim deed is a legal document used to transfer ownership interest in a property without it being sold. They are often used in transactions between people who know each other well — a parent ...