Jennifer is going through a divorce in California. Her ex-husband agrees to sign over his interest in the family home to her. Which type of deed is MOST appropriate for this transfer?
Correct Answer
C) Quitclaim deed
A quitclaim deed is the most appropriate instrument for a divorce transfer in California. It allows the ex-husband to transfer whatever interest he holds without any warranties. Since the parties already know the property's history and there is no purchase price involved, warranties are unnecessary.
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Previous Question
During a home purchase in Los Angeles, the buyer's agent explains that in California, the seller customarily pays for a specific type of title insurance. Which policy does the seller typically pay for in a California residential transaction?
Next Question
In 2020, Owner A conveyed a California property to Owner B via grant deed for valuable consideration, but Owner B never recorded the deed. In 2022, Owner A conveyed the same property to Owner C via grant deed for valuable consideration. Owner C had no actual or constructive knowledge of the prior conveyance to Owner B and recorded the deed immediately. Under California's recording statutes, who holds title to the property?