A name can be removed from a property deed by creating a new quitclaim deed. A quitclaim deed is commonly used to transfer property ownership from one person to another without the need to sell the property, notes realtor.com. With this type of deed, there is no need for a title search or title insurance.Continue Reading
Quitclaim deeds are appropriate for transferring property among family members, according to realtor.com. A family member's name can be removed when there is a divorce or death or when one party simply no longer wants ownership. For instance, the Baltimore Sun gives an example of a father who wants his name removed from a deed. The son or daughter may have the father sign a new deed to give up his legal stake in ownership to his children. Quitclaim deeds can also be used to prevent a person from claiming future ownership of a property for legal reasons.
Signing a quitclaim deed removes a person from ownership, but the deed does not remove his liability for any mortgage loans, according to realtor.com. The deed only applies to property ownership. For legal protection, it is smart for all parties to sign a quitclaim deed with a notary public present and to consult with real estate professionals regarding any transfer of property.Learn more about Real Estate