| marissa07 |
| (recently joined) |
| 01/09/12 03:50 PM |
Quit Claim Deed questions
|
Hi guys, I'm new to the forum and hope to hear from someone knowledgeable and/or has similar experience in the past.
My husband and I are getting a divorce and we stay on very amicable terms.
Currently we both own our house (both our names on a title) and we both are responsible for mortgage (both our names on a mortgage). We decided that he would be keeping our home. I would like to hand over my interest in the home and also would like to release myself of mortgage liability.
He will be refinancing into his name only which will release me of mortgage liability thereafter.
In order for me to hand over my interest in our home, I will be signing a quit claim deed. I do not wish to receive my half of interest in our home , i.e. do not want any cash payment from my husband.
(1) Where do you find a right quit claim deed form? Is this form county-specific?
(2) I hear that a deed transfer resulting from a divorce can exempt you from any income/transfer tax. How can we indicate this (trasnfer resulting from a divorce) on a quit claim deed so that we will receive a proper tax exemption? FYI, we would like to take care of this prior to filing for a divorce (dividing all our joint assets beforehand)
(3) As I mentioned above, we both own our home together. On a quit claim deed, do we indicate both of us as grantors or just me as a grantor?
(4) I hear that in Georgia, notary is not enough and you need witness(es) to sign the form. Can we have just anybody around in a notary clerk's office to be our witness?
Any help/advice would be greatly appreciated.
Thanks so much in advance. [color:black] [/color]