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Quitclaim deed on property in Georgia

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Oscar00

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Post Posted: Sat Jan 03, 2009 8:22 am    Post subject: Quitclaim deed on property in Georgia
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Hi, I purchased some property (2.75 ac.) from my father for an agreement of 12,000.00 which I paid in full. We went through a real estate attorney to finalize the deal. We also had the property surveyed off because he kept the other 4 ac. that is beside it. I have a mobile home on it which is financed separately and has no ties to the land. The attorney performed a title search, a lien search and covered all the bases to make sure we were in the clear for all of our protection. My question is this. If at any given time I wanted to sale the property can It be done off of the quit claim deed or does it have to be a warranty deed? And, if the answer is that I need a warranty deed how do I go about having the deed converted to a warranty deed?
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Icon Mini Profile smithsussane
smith.sussane




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Post Posted: Sun Jan 04, 2009 10:39 pm    Post subject:
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Hi Oscar!

Welcome to forums!

You can use either a quitclaim deed or a warranty deed while selling the property. Buyers will prefer if you use a warranty deed to transfer the property. You can take the help of an attorney to draft a warranty deed from him and transfer the property in the buyers name. Once the deed is filled out, you can get it notarized and recorded at the county recorder's office.

Feel free to ask if you have further queries.

Sussane
Ken Rawls

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Post Posted: Tue Mar 17, 2009 1:28 pm    Post subject: Transfer of parents property to children
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I have 2 brothers and 1 sister, our mother has health issues, we want to become joint owners of her properties (main house, 2 rentals and a tract of land). The main house has a morgage remaining in our mother's name. We talked about doing a tenant in common to transfer ownership to the four of us, can the morgage be also transfered? What is the best way to handle this situation legally? LLC?
Alessandro

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Post Posted: Wed Mar 18, 2009 2:49 am    Post subject:
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Hi Ken,

All your mother has to do to add you all to the title is sign a quitclaim deed. The ownership by default would a considered as tenancy in common or you can also mention that on the deed. However, to transfer the mortgage obligations you guys should refinance it in your names.
Matt

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Post Posted: Fri Apr 10, 2009 8:41 am    Post subject: Add Husband
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We recently refinanced our home. Because I have poor credit, we use quitclaim deed to remove my name so that house may be refinanced in my wife's name only. After the closing, we want to quitclaim to joint tenancy. My wife is concern that if my name shows up on the deed, that it will ruin her credit. She wants to use her will to transfer ownership in case of death. Is it true that addition of my name on the deed (not on mortgage) can ruin her credit? Why is will not enough to accomplish the same purpose?
Ola

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Post Posted: Fri Apr 10, 2009 8:51 am    Post subject: Where to Send Deed
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A couple of days after closing, my mortgtage was sold to another bank. I want to use quitclaim to add my spouse to the deed. On the deed form, should send to party be us (spouses), or the original title company, or the current mortgage holder?
Icon Mini Profile adonis
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Post Posted: Fri Apr 10, 2009 11:21 pm    Post subject:
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Hi,

To Matt,

Adding your name to the property deed will not ruin your wife's credit. However, as you have a mortgage on the property, I would suggest you to inform the lender about this transaction. If the lender agrees to it, then she can add your name to the property with the help of a quitclaim deed.

To Ola,

As far as I know, you'll have to send the deed to your current mortgage holder.
Sue98077

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Post Posted: Mon Apr 13, 2009 9:56 am    Post subject: Quit Claim - house in GA
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Hi - we recently inherited a house in Georgia that has more owed on it than the property is worth. My understanding is that by signing a quit claim deed, we can basically give the house back to the bank and not owe the mortgage. How does this work?
Thanks!
Icon Mini Profile jameshogg
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Post Posted: Mon Apr 13, 2009 9:33 pm    Post subject:
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Hi Sue,

Signing a quitclaim will only transfer the property. It has nothing to do with the mortgage. If you are facing hardship in paying off the mortgage dues, you should contact the lender and apply for a deed in lieu. If the lender accepts it, then you can transfer the property to him. The lender will then sell it off to recover the dues.

Thanks
lavwa

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Post Posted: Mon Nov 30, 2009 4:27 pm    Post subject: property transfer
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I purchased a land in georgia 5years ago. I added my husband name on the deed. Now i want to remove his name and transfer the property to my brother or minor child. what do i do?
Icon Mini Profile jameshogg
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Post Posted: Mon Nov 30, 2009 10:59 pm    Post subject:
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Hi lavwa,

You'll have to ask your husband to sign a quitclaim deed in your favor and then you can add your brother to the property. However, as far as I know, you cannot add a minor child to a property deed.

Thanks
jonboy

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Post Posted: Sat Dec 25, 2010 10:40 am    Post subject: quit claim
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My mother owns a house out right in Georgia and another one that she owes on that she bought to help out my brother, well my brother quit paying on the house and my mother cannot afford the payments. Is there any way she can give me the paid off house and then give the other one back to the bank?
Icon Mini Profile adonis
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Post Posted: Sun Dec 26, 2010 9:50 pm    Post subject:
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Welcome jonboy,

Your mother can sign a warranty deed and transfer the paid off property to you. After she has done so, she can surrender the other property to the lender who will foreclose it in order to recover his dues.

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jonboy

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Post Posted: Mon Dec 27, 2010 4:01 pm    Post subject: quit claim
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thanks I will check into that
shell

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Post Posted: Sun Jan 02, 2011 3:27 pm    Post subject: add name to deed
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my husband bought a house my mane was to be on the deed as well but wasn't how can I get my name on the deed as well.
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