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I am about to sign a quit claim deed from a property that I just close to a LLC company own by me and my business partner, we plan to pay everything 50 50. Do I have to do something that legally obligates him to pay his half of the mortgage? I am under the impression that I will be the sole responsible for the mortgage.

Thanks

sara · Posted: Tue Apr 03, 2007 8:38 pm Post subject: RE: Florida quit claim deed

Hi Fdo,

Welcome to the forums.

That's not the right impression that you have. Once you sign the quit claim, it will no be your sole responsibility to pay down the mortgage.

Your business partner has to pay off his part of the loan balance. You do not have to take any legal step and in case your partner is aware of it, do inform him.

Thanks,

Sara

Guest

Guest

My son's xwife wants out of the mortgage for their house. She has offered to take a lump sum of money and quit claim the house to him. Will there be any Florida penalties/taxes/charges associated with doing this? The bank has already agreed to drop her name from the mortgage.

miller_st · Joined: 17 Jan 2007 Posts: 918 168.95 Dollars($)

Hi Brenda,

If the bank has also agreed to remove her name from the mortgage then there should not be any problem with the title transfer.

There will be normal expenses associated with hiring an attorney and quit claim deed recording fees.

Miller

larry · Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)

Hi Brenda,

For transferring the property in your son's name with a quitclaim deed, his ex-wife may have to pay the gift tax associated with property transfer. But your son should not worry as he will not have to make such tax payments. The charges that he will have to pay is for hiring the attorney a and recording the quitclaim deed.

Guest

I QUIT CLAIMED MY PROPERTY FROM MY COMPANY TO MY NAME FOR REFINANCING PURPOSES, THEN QUIT CLAIM BACK TO MY NAME. I RECEIVED TWO AUDIT ASSESSMENT TOTAL OF $4500.00 ON THE SAME PROPERTY. IS THERE ANY WAY TO NEGOTIATE THIS WITH THE STATE?

Niicss · Posted: Tue Jan 13, 2009 3:22 am Post subject:

Hi KAMLA,

A question similar to yours has been answered in the given link:
http://www.mortgagefit.com/quitclaim/audit-assessments.html#72678

Please take a look at it.

Thanks.

Guest

Almost 7 years ago my mother put me on her deed,with right of survivorship and joint tenents...I live here and have taken care of her..now she got mad at me and says she's going to a lawyer to take me off the deed..Can she do that? We live in Florida

jerry · Posted: Thu Jan 15, 2009 2:07 am Post subject:

Hi Elaine,

As far as I know, joint tenancies may be revoked by any of the parties at any point of time. So there are chances that your mother will be able to revoke it. However, I would suggest you take the advice of a lawyer to be on the safer side.

Thanks,

Jerry

Guest

If I transfer our home to my wife only, would the property be subject to any liens from unsecured creditors with debt in my name only?

Guest

Is there now a tax on the recording of a quit claim deed now in the state of florida other than a nominal recording fee? In this case the husband is giving up his right to any claim of title. He is not named on the mortage. I am in duval county florida.

jenkin7 · Posted: Wed Feb 11, 2009 5:54 am Post subject:

Hi jerrell,

You might have to pay documentary stamp taxes for recording the deed. However, it's better to get in touch with the county recorder's office as they can tell you exactly what taxes you need to pay at the time of recording the deed.

Guest

what form do you need if i want to put my son on the deed to my house in flordia

jenkin7 · Posted: Mon Feb 23, 2009 12:58 am Post subject: quitclaim deed form for florida

Hi olynn,

Adding your son to the title to your house will not be difficult. All you need is a quitclaim deed form which is required to be signed by you as the grantor, notarized and recorded with the county recorder's office. To see a sample quitclaim deed for the state of Florida, you can visit the below mentioned page:
http://www.mortgagefit.com/predeal/quitclaim-stateforms.html

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Quit claim deed in Florida