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jenkin7
Joined: 04 Jun 2007
Posts: 4537
Location: Hawaii
728.43 Dollars($)
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Hi busymommy,
Your father can add you to the property deed using a quit claim deed. He will sign the deed as grantor and both you and he will be grantors, receiving the title to the property. Then, get the quitclaim deed notarized and recorded with the county clerk's office.
Hi Guest,
You too can use a quit claim deed and get the title in your name. If your father does not need any share of the property, he can sign over the title to you. In this situation, he will be the grantor and you alone will be the grantee. However, since there is a mortgage in your father's name, he needs to talk to the lender before transferring the house to you. You may be required to refinance the current loan in your name. |
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DDBABY
Guest
0.10 Dollars($)
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Post subject: Would it make a difference?? |
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Would it make a difference if the new deed from Grantor to Grantee had the Grantor as Joint Tenants other than the Trustees as it was originally elaborated and recorded previously??  |
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jenkin7
Joined: 04 Jun 2007
Posts: 4537
Location: Hawaii
728.43 Dollars($)
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Hi DDBABY,
Could you elaborate a bit on the situation? From what you have mentioned in the post, the issue is not quite clear. The grantor was originally listed on the title as a joint tenant. He then transferred the property to the grantee through a deed, right? If this is the case, then it should not be an issue. What was 'recorded previously'? |
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Joe anonymous
Guest
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Post subject: my mortgage deed |
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| I have 3 payments left and then my mortgage will be paid off. Will I be sent a deed or proof that there is no mortgage remaining? |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 12330
Location: bloomfield, ct
50.03 Dollars($)
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joe you should receive a release of the mortgage (there are other terms than "release" but i don't have them handy in my mind at this moment). this release would be recorded in the land records where your mortgage is recorded. ultimately, and perhaps simultaneously, you will be receiving a canceled copy of your note as well.
_________________
George M. Akerley
Independent Contractor - Mortgage Consultant
Word of Excellence Editing/Writing/Proofreading
860-221-5044
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lovely2010
Guest
0.10 Dollars($)
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Post subject: Grand Deed |
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I cosign a property for my sister couple years ago. We are still owed money from the bank.
My sister does not want to refince, but she wants me to sign the grand deed that the property is under her name only.
She wanted me to transfer the title now, because of the property tax benefit due to the price of the house is low. Is that true? Please advice, which is the best way that I need to do without trouble in the future?
Thank you |
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savior70
Joined: 25 Mar 2009
Posts: 1895
Location: Florida
261.84 Dollars($)
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Hi,
Once you sign over your share of the property to your sister through a grant deed, you will lose your ownership rights to the property. After signing the deed, you cannot claim your ownership back until your sister signs it back to you. So, before you sign on the grant deed and transfer your ownership to her, you should consider this fact. |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 12330
Location: bloomfield, ct
50.03 Dollars($)
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why does the bank owe you money, lovely? i don't quite comprehend the property tax benefit derived from changing ownership from the two of you jointly to her solely.
what you've got to determine is if this all makes sense. is there a real method to her request?
_________________
George M. Akerley
Independent Contractor - Mortgage Consultant
Word of Excellence Editing/Writing/Proofreading
860-221-5044
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hawkbldr
Guest
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Post subject: help |
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| I currently have my home for sale because bank is trying to forclose due to default of back property tax of $15,000 .I can not get a loan for this amount because they have messed up my credit ! If my house does not sell and they forclose on it , and it sells for less than what I owe can bank go after other realestate property that I own but have loan through another bank? so they can make up the diffrence ? |
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smithsussane
Joined: 18 Sep 2008
Posts: 10020
Location: Alaska
917.78 Dollars($)
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Hi hawkbldr!
Welcome to forums!
If the property is foreclosed upon by the lender, then he has the rights to collect the deficient balance from you. If you cannot pay it off, then he will be able to place a lien on your other properties. However, in order to place a lien on your property, he'll have to get a judgment against you from the court.
Feel free to ask if you've further queries.
Sussane |
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confused
Guest
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Post subject: grant deed dated 1994 |
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| Hi, I am on a lease to own basis and ready to pay off my loan. I have a grant deed dated 1994 with the current owners. The owners passed away and I have been paying the son. Now I find out the unit is not in a trust and he didn't probate the property. Also if I file my old grant deed the county assessor office could go back and back property tax me on the property. Can I file an old deed without getting reaccessed all those property taxes. |
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sara
Moderator
Joined: 05 Jul 2006
Posts: 2645
Location: New Brunswick, New Jersey
488.43 Dollars($)
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Leslie s bologna
Guest
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Post subject: |
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| how do I get a copy of the deed to my new house soon enough to claim HO excemption March 1st |
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sara
Moderator
Joined: 05 Jul 2006
Posts: 2645
Location: New Brunswick, New Jersey
488.43 Dollars($)
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Hi Leslie,
If you've misplaced your property deed, then you can contact the county recorder's office where the property is located and get hold of a duplicate copy of the deed.
Take care. |
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Jonathan Webb
Guest
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Post subject: Grant Deed |
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Jessica, I have a friend who is 'upside down' in her home. she is 66 yrs of age and is thinking of walking away from the home when she retires to relocate to another part of the country. Her home is in So Cal where I live. The monthly mortgage is very reasonable considering the location. I am not concerned about the amount of Mortgage remaining, but do not have the rating to support another purchase (debt to income ratio has reduced FICO). However, I have income and savings to accommodate the mortgage comfortably--even with my existing home. What are the possibilities of her being able to sign a Grant Deed over to me without the bank calling the loan?
[Email address deleted as per forum rules. Thanks.] |
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