Irvine, CA (PRWEB) August 28, 2014
A key term of marital settlement agreements and divorce judgments is the award of real property to one spouse. The award of real property located in Florida from one spouse to the other is not complete without a deed recorded with the County Clerk of the Court. Website, DeedAndRecord.com, sponsored by Mark W. Bidwell, prepares and records deeds to remove one spouse as owner of Florida real estate.
Sole ownership is obtained by a document known as a “deed.” A deed is an eight one-half by 11 inch paper signed by an owner of the real property that transfers ownership. Deeds are either “warranty deeds” “grant deeds” or “quit claim deeds.”
Grant deeds and warranty deeds have the owner’s promises he or she has not conveyed the property to someone else and the real property does not have any undisclosed outstanding taxes or debts secured by the real property. A quit claim deed conveys ownership “as is.” In transfers between former spouses either type of these deeds will work.
The non-owning spouse signs a deed conveying his or her ownership interest to the spouse awarded the real property. The deed is “recorded” with the Clerk of the Court. Recording the deed puts the world on notice of who owns the real property and is the final word on ownership. Recording is in the county where the real property is located.
Until the deed is prepared and recorded the spouse awarded the real property does not have sole ownership of the real property. He or she cannot sell, refinance or borrow on the property without the permission or cooperation of the other spouse. Until the non-owning spouse is removed as owner, he or she may inherit the property on the death of the owning spouse.
A deed does not change the loan document. Until the loan is refinanced or paid off the former owning spouse will remain as a debtor on the loan.
A spouse awarded real estate in Florida due to divorce, judgment, court order, and marital agreement must remove the other spouse as owner. Change in ownership is by deed. Website, DeedAndRecord.com, sponsored by Mark W. Bidwell, prepares and records deeds to remove a former spouse as owner of Florida real property.
Press release is provided by Mark W. Bidwell, an attorney licensed to practice in California with affiliates in Florida. Law practice prepares deeds for real property in California and Florida. Mr. Bidwell markets through websites such as http://www.DeedAndRecord.com. Office is located at 18831 Von Karman Avenue, Suite 270, Irvine, California 92612. Phone number is 949-474-0961. Email is Mark@DeedAndRecord.com.