Settlement Question
Does a signed quit claim deed by the plaintiff in a divorce relinquish their right to 50% of the profit once the property sells?
Settlement Question
Does a signed quit claim deed by the plaintiff in a divorce relinquish their right to 50% of the profit once the property sells?
Re: Settlement Question
Once someone quit claim’s a fee simple they no longer own the property. You should contact a lawyer to look at the granting language to see what was transferred.
http://www.lawcpg.com
Cullen Geisler
The Law Offices of Cullen P. Geisler PLLC
28175 Haggerty Road
Novi, MI 48377
Re: Settlement Question
A quit claim deeds conveys all of the grantor’s right, title and interest in the real property. This would include the right to receive proceeds from the sale of the property. However, a court order might give the grantor the right to some of those proceeds.
For more information, go to:
http://www.MidMichiganDivorce.com
Charles Kronzek
Kronzek & Cronkright P.L.L.C.
Main office – 420 S. Waverly Road Suite 100
Lansing, MI 48917