Legal Question in Real Estate Law in California
quite claim deed
I have a timeshare that I cannot seem to sell (get rid of). I want to form a corporation that will specialize in timeshare resales, then quit-claim deed my timeshare to the corporation. The corporation will then assume all responsibility for fees, monthly payment, etc, until such time the timeshare is sold. Is a quit-claim deed an acceptable legal means to transfer a deeded timeshare interest to another party; a newly formed corporation in this case? Thank you!
Asked on 4/15/08, 5:37 pm
1 Answer from Attorneys
Mitchell Roth
MW Roth, Professional Law Corporation
Re: quite claim deed
Yes. A Quitclaim deed conveys whatever interest the Grantor has in the real estate to the Grantee.
Answered on 4/16/08, 12:46 am