Is a quit-claim valid in California if no consideration (money) is tendered to the transaction?
ron
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Is a quit-claim valid in California if no consideration (money) is tendered to the transaction?
ron
Can you provide the context?
I bought a piece of property last March (06) and the seller quit-claimed away a portion to the neighbor. He said he thought he was "supposed" to do it. He said he received no compensation for this. Just wondering it it is a valid transfer (assuming he is telling the truth).
If the deed was signed, sealed, and delivered, then the land belongs to the grantee (buyer).
I will guarantee you that the deed recites some kind of consideration...a dollar or maybe $10.
The grant deed says this deed given to perfect a lot line adjustment recorded 2-9-90, instrument #90-10760. This document is a "Notice" of lot line adjustment. No "adjustment" was ever made. The property was sold to the person I bought it from with the lot size unchanged. He paid taxes on it while he owned it. Any "notice" or approval means nothing unless recorded and changed on the assessors map. Am I not correct? The neighbor either co-orced my seller to give him this property or he received compensation for it.
I would also add that this document lists only Grantor names and no Grantee name(s).
They only cited it as an item. This was done after my offer was accpeted and singned by the seller. No such property line adjustment was ever recorded.
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