Sandra and her ex-husband divorced two years ago. The divorce decree awarded Sandra full ownership of their jointly held home in Grand Rapids, but her ex-husband's name still appears on the title. Sandra's real estate agent recommends using a specific type of deed to remove her ex-husband's interest from the title. Which deed would be MOST appropriate for this purpose?
Correct Answer
C) Quitclaim deed
A quitclaim deed is the most appropriate instrument for Sandra's ex-husband to use to release his interest in the property. Because the divorce decree already awarded Sandra full ownership, the ex-husband simply needs to convey (quit) whatever remaining record interest he holds. No warranties are needed since the purpose is solely to clear the title cloud created by his name remaining on the deed. This is one of the most common uses of quitclaim deeds in Michigan.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.
Riparian rights concern properties bordering flowing bodies of water (rivers, streams), while littoral rights concern properties bordering non-flowing bodies of water (lakes, oceans).
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