Home arrow Mortgage Forums arrow Forums: Learn from other's experiences arrow

Quit Claim Deeding in FL - Will that suffice my desires (see below)

Author Message
Icon Mini Profile dchiarle





Joined: 16 Oct 2008

Posts: 1

1.45 Dollars($)
Post Posted: Thu Oct 16, 2008 7:06 am    Post subject: Quit Claim Deeding in FL - Will that suffice my desires (see
Like 0
Dislike 0

My fiance owns the home we are living in. Over the years, I have invested in substantial upgrades, renovations, etc. upon which I feel provides for strong financial interest in said property. Fiance agrees and is amenable to my request.

My question is this: I want to secure my ownership interest in this property prior to marriage to: a) preclude it from being declared a pre-marital asset in case of a future divorce down the road, and; b) prevent his children from claiming interest and contesting any will upon death

Can this be done through a simple "Quit Claim Deed" transaction notarized by a bank, etc. or do I have to go through the process of the Quit Claim and filing for a Deed Change at the Courthouse and paying the appropriate fees (which by the way are substantial in and of themselves). And, are Estate Planning or Real Estate Attnys required, as well?

We are trying to perform this protection method prior to our marriage without a huge outlay of cash.

Please advise. Thanks.
_________________
Icon Mini Profile chrisburns
chrisburns
Community Expert
Community Expert



Joined: 13 Nov 2007

Posts: 382
Location: Florida
65.98 Dollars($)
Post Posted: Thu Oct 16, 2008 6:12 pm    Post subject:
Like 0
Dislike 0

Man... people are planning for future divorces before they even get married now?

all joking aside, I strongly recommend looking up a local title company and asking them your specific questions. Normally you would talk to a real estate attorney but since you want to do it cheap I recommend calling a title company. They know the laws. They have a lawyer on staff and you can get free advice that way Smile

The laws vary from state to state so it's difficult to give a concrete answer wtihout more details.

_________________
Chris Burns
Five Stars Mortgage, LLC
Office: 800-871-2636 ext. 200
Cell: 407-456-3697
Florida Mortgage
Five Stars Mortgage On Facebook
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10439
Location: Alaska
985.83 Dollars($)
Post Posted: Thu Oct 16, 2008 9:11 pm    Post subject:
Like 0
Dislike 0

Hi dchiarle!

Welcome to Forums!

If you want to ensure your ownership and interest in the property, you can go in for a quitclaim deed. You will get online quitclaim deed forms but it is always better to draft it from an attorney. Then notarize and record the deed.

Feel free to ask if you have further queries.

Sussane
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.058 seconds.