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lteking · Joined: 31 Aug 2009 Posts: 4 2.58 Dollars($)

I own and share 1/3 interest on a piece of property At Riverside County in California. I was solely responsible for the mortgage for more than 10 years. A relative of mine also share 1/3 interest on the same property. Can I have her execute a quit claim deed on my behalf? She no longer lives in the house and I want her name out of title. And Am I required to pay for documentary transfer tax for 1/3 of the value of the property?

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Yes you are correct
You can ask your relative to quit claim deed and you will responsible for the taxes after that

Check this out

http://www.mortgagefit.com/search/quitclaim-deed.html

jameshogg · Posted: Mon Aug 31, 2009 7:39 pm Post subject:

Hi lteking,

You can definitely ask your relative to sign a quitclaim deed. However, you cannot force him/her to do so. While recording the quitclaim deed at the county recorder's office, you will have to pay the transfer taxes. Alternatively, you can ask your relative to share the transfer taxes with you.

Thanks

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Thanks for adding James

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