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Is it possible to transfer the deed of our property to a relative? In the state of CA.

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damienwebster Joined: 09 Feb 2010 Posts: 1 1.27 Dollars($)	Posted: Tue Feb 09, 2010 7:52 pm    Post subject: Is it possible to transfer the deed of our property to a rel Like 0 Dislike 0 We are trying to buy another house but the buy and bailout fear won't let us. We have no intentions of bailing because this will be our retirement home. So if it was possible we would give the deed to a relative so we could buy the other house.
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Tue Feb 09, 2010 10:47 pm    Post subject: Like 0 Dislike 0 Hi damien, It is possible to transfer the property title to your relative. You can sign a quit claim deed and give away the title to the property to whoever you want. However, once you sign the deed, you cannot get the ownership back unless your relative signs it back to you. But you will still remain responsible for the mortgage on the transferred property until your relative refinances the loan.

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