Legal Question in Real Estate Law in California
My sister and I are the co-owners of a piece of property with two residences, where we live, one in each. About ten years ago, she took out an equity loan to do some home improvements to her residence. At that time, our spouses signed quit-claim-deeds to said property. Now that the loan is paid off, are the quit-claims still in effect? Can they be recinded or canceled?
1 Answer from Attorneys
No, there is no such thing as canceling or recession unless there was fraud, duress, undue influence, etc. involved in the signing of those quitclaim deeds. If I understand you correctly, you want the spouses to be co-owners again now. In that case just do a grant deed transferring from you yourself to you and your spouse as community property. Your sister does the same thing with her husband. So now each couple owns the property jointly as before the quitclaim.
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