James Chen, CMT is an expert trader, investment adviser, and global market strategist. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and ...

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 ...

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.

Buying a home means transferring ownership from the seller to the buyer, which means every home sale is a legal transaction in addition to a financial one. To record the legal transfer of ownership, ...

Q: My friend filled out a will before she married her last husband. She owned a house, and when she married she did a quitclaim deed with her husband. Does the will still stand or does the husband get ...

Q: I have read many articles from you concerning quitclaim deeds. I have a very specific question related to it. Does the IRS say the grantor is giving a gift to the grantees when someone records a ...

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 ...

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 ...

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 ...

There are instances when the owner or owners of a given property or real estate parcel seek to dispose of that ownership without a traditional sale. Alternatively, friends or family members may wish ...