Signing over deed to home

Author Message
Icon Mini Profile KittenG224





Joined: 11 Aug 2008

Posts: 1

1.64 Dollars($)
Post Posted: Mon Aug 11, 2008 10:56 am    Post subject: Signing over deed to home
Like
Dislike

Hi. I was wondering if my dad would be able to sign his house over to my husband and I. Or would it be possible to buy my father's home for what he owes on it? He's going through hard times right now, and the house has almost went to foreclosure. He says he wants to put the house on the market the beginning of the year, but I want it. How could we work it out so that my husband and I would be able to keep it?
Icon Mini Profile sweeney
sweeney
Community Expert
Community Expert

best lender badge

Joined: 20 Jul 2008

Posts: 131

25.11 Dollars($)
Post Posted: Mon Aug 11, 2008 6:37 pm    Post subject:
Like
Dislike

Hi and welcome to the forum. You can just purchase it from him. You set the price at whatever you want (as long as it appraises for at least that much), and structure it so he walks away from closing with nothing or very little, as long as he's ok with that.
_________________
Mike Sweeney
LionSaves.com - refinance debt

views expressed on this forum are my opinion as a mortgage professional, not legal advice
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

Posts: 5499
Location: New Jersey
601.94 Dollars($)
Post Posted: Tue Aug 12, 2008 3:51 am    Post subject:
Like
Dislike

Welcome Kitten.

You can pay off the mortgage company or refinance the mortgage on your name and your father can quitclaim the property to you. Thus you can save the property and also your father's credit. So talk to the mortgage company and inform them that you going to pay them off or willing to refinance the mortgage on your name and take the necessary steps. By the way, is your father willing to quitclaim the property to you? How much equity does your father have on the property?

_________________
Good is the Enemy of Great.
Short Stuff

Guest







Post Posted: Sun Aug 17, 2008 7:42 pm    Post subject: Deed to a Home
Like
Dislike

I was just wondering if it is possible to sign over a home like a car? If it is possible to "take over payments" like when you sign over a title to a car?
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

Posts: 5499
Location: New Jersey
601.94 Dollars($)
Post Posted: Mon Aug 18, 2008 4:36 am    Post subject:
Like
Dislike

Welcome Guest.

You should use a quitclaim deed to transfer the property. But the quitclaim deed will not transfer the mortgage. So the grantee should refinance the mortgage on his/her name.

Let me know if you have any further queries.

_________________
Good is the Enemy of Great.
Marsha

Guest







Post Posted: Mon Jan 05, 2009 8:20 pm    Post subject: house
Like
Dislike

My Aunt wants to give me her house. The house is paid off, no mortgage. What do we need to do?
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 12160
Location: Nevada
1221.50 Dollars($)
Post Posted: Tue Jan 06, 2009 12:14 am    Post subject:
Like
Dislike

Hi Marsha,

Your aunt can sign a quitclaim deed and give away the property to you. Sample quitclaim deed forms are available online however consulting an attorney and drafting a deed from him will be better. Once the deed is filled out, you will have to notarize it and record it at the county recorder's office.

Thanks
garry

Guest







Post Posted: Wed Apr 08, 2009 10:50 am    Post subject: pre-foreclosure
Like
Dislike

their seems to be increased companies that are advertizing that persons can find homes that are in pre-foreclosure and all you would have to do is take over the homeowners' mortgage payment with no hassles or a CREDIT check. is this real.
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005

Posts: 12179
Location: ALASKA
1313.94 Dollars($)
Post Posted: Wed Apr 08, 2009 11:05 pm    Post subject:
Like
Dislike

Hi garry,

There are a lot of properties which are being foreclosed upon these days due to non-payment of mortgage. However, I don't think one can purchase them without credit check. In order to assume the mortgage, you should have good income and excellent credit.
KJ

Guest







Post Posted: Wed Jul 29, 2009 8:54 am    Post subject: quick claim deed
Like
Dislike

can you tell me what forms do i need to do a quick claim deed to my mother in MO. I now live in Phx, AZ and dont want the house any more she is taking over payments. thanx
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

Posts: 5499
Location: New Jersey
601.94 Dollars($)
Post Posted: Thu Jul 30, 2009 2:01 am    Post subject:
Like
Dislike

As the property is located in MO, you'll have to use a quitclaim deed form of MO to transfer the property to your mother. You can either use sample quitclaim deed forms available online or can take an attorney's help to draft the deed.
_________________
Good is the Enemy of Great.
j jones

Guest







Post Posted: Wed Aug 19, 2009 1:23 am    Post subject: can i sign my deeds over to my mother
Like
Dislike

i own a property which still has an outstanding morgage on it. i want to sign over the deeds to my mother, how do i arrange this and is it possibe
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 12593
Location: Alaska
1309.02 Dollars($)
Post Posted: Wed Aug 19, 2009 9:46 pm    Post subject:
Like
Dislike

Hi j jones!

Welcome to forums!

You should sign a quitclaim deed in your mother's name in order to transfer the property to her. Once the deed is filled out, get it notarized and recorded at the county recorder's office.

Feel free to ask if you've further queries.

Sussane
margaret

Guest







Post Posted: Wed Oct 21, 2009 3:18 pm    Post subject:
Like
Dislike

I would like to own a home by finding someone that wants out so that they can sign over the deed to me so that i may rent the home out. is the process that easy and what will it cost me to do??
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 12593
Location: Alaska
1309.02 Dollars($)
Post Posted: Wed Oct 21, 2009 10:15 pm    Post subject:
Like
Dislike

Hi margaret!

Welcome to forums!

You'll have to purchase the property from a seller and transfer it in your name first. If the property has a loan on it, then you will have to refinance it in your name. Then you can find a tenant and rent off the property.

Feel free to ask if you've further queries.

Sussane
Ask question
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message Body
All times are GMT - 7 Hours
1, 2  Next  
Page 1 of 2

 

Page loaded in 0.410 seconds.