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deleting a name off a deed

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DFC Guest	Posted: Tue Mar 24, 2009 6:57 am    Post subject: deleting a name off a deed Like 0 Dislike 0 My brother and I bought a house 5 years ago and he is no longer living at the house with me in the state of Georgia. I want the deed to the house to be soley in my name and my brother is willing to delete his name from the deed. Do I need to complete a PT61 form? I don't beleive I do as there is no Real Estate Transfer Tax associated with deleting him, right? Would I only need to complete a Quit Claim Deed? Thanks _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Tue Mar 24, 2009 11:07 pm    Post subject: Like 0 Dislike 0 Hi DFC, Your brother can simply sign a quitclaim deed to transfer the title in your name. When you record the deed, you will be required to pay certain taxes like the recording fees etc. However, if your brother quitclaims it to you as a gift, he can avail certain gift tax exemptions.

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