---

Removing a Name from Property Title

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Jesme123 Guest	Posted: Sat Mar 21, 2009 9:20 pm    Post subject: Removing a Name from Property Title Like 0 Dislike 0 Two years ago a friend and I bought a condo together in California. We are both using the property as our residence. He had bad credit and I acquired a mortgage without his name being on any of the paperwork. He did however request that his name be on the title. He has currently had a work reduction and can no longer afford his portion of the mortgage so I have decided to buy him out for his percentage. Since the mortgage is only in my name I don't believe I will need to process any paperwork but will a quitclaim document be sufficient to remove his name from the title/deed?
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Sun Mar 22, 2009 10:47 pm    Post subject: Like 0 Dislike 0 Hi Jesme, If his name is only on the title, a quitclaim deed would be enough to remove it from the title. He is required to sign the deed as grantor quitclaiming his interest in the property to you as grantee. However, as only your name is on the mortgage you do not need to file any paperwork or inform the lender about this transfer.

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0