[thesnakeman]

I own a piece of property that with 2 partners. The two partners are in pre foreclosure of other properties. I want to remove them from the title, so that their foreclosures does not affect the property I own. I want to avoid their foreclosures adding a lien to my property.

1. Can a quitclaim deed work?
2. if one of the partners is married (was married at the time we entered the agreement) do I need his wife to sign the quitclaim deed as well?

[ScottGem]

If you want to remove your partner's names from the deed, they have to sign a quit claim deed to you, deeding their interest. Only the names on the title have to do this.

My questions is why would they do it? Why would they give away an investment? Are you going to buy them out or what?

[Fr_Chuck]

Also their other foreclosures don't mean there will be a lien, and if there is court action, the court may also want to know how much money you paid them for their interest in the property, To merely take them off to hide their ownings, is fraud, if they still will hold in secret part ownership.

So why would they just give you their shares for nothing ? Don't have to tell me, just figure what you would tell the judge when there is a judgement hearing against these peopole and they want to know where the money went for the sale of their interest.

If this investment was incorporated as its own business, that may be a protection, since there is no legal action at this tme against that property, but you really need an attorney fast