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CAN I TRANSFER THE DEED TO THE HOUSE TO MY SON

CAN I GIVE MY SON THE DEED TO THE HOUSE AND REMOVE MY NAME---- DO I NEED TO DO A QUIT CLAIM

colin's picture
colin | Joined: June 30, 2006 02:50 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Jaymac,

Welcome to Mortgagefit forum.

For transferring the house to your son you will have to use a property transfer deed such as a [url=http://www.mortgagefit.com/quitclaim-deed.html]quit claim deed[/url]. In the deed you will be named as the grantor and your son as the grantee.

After filling the deed form, have it notarized and recorded at your local county recorder's office to complete the transfer process.

But if there is a mortgage then you will have to pay it off or have it refinanced in your son's name.

Colin

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:04 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Jaymac,

You can use a quitclaim deed to convey your property-interest to your son and remove your name from the title.

Get a new deed prepared by a lawyer and then use it for the property transfer.

Thanks,
James.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:04 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

i need to remove my son from the deed
what form do i need

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:04 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Joann,

If your son is co-owner of the property then you cannot remove him from title of the property. Instead he will have to make a quit claim deed to transfer his ownership to you.

In the quit claim deed he will be the grantor and you grantee.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:04 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My only child, a son, says since I am 69 and living alone, he would lose the house should I die. I owe $23,000 to Wells Fargo on the house.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:04 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Betty!

Welcome to Forums!

If you are paying your debts on time then he will never lose the house. If you are unable to pay the mortgages, then you can sign a quitclaim deed to your son along with a life estate clause in your name. Once you do that ask him to refinance the mortgage. This will transfer the mortgage in his name and he will henceforth pay the mortgages.

Feel free to ask if you have further queries.

Sussane

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:04 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I would like to sell for $1.00 or whatever a house in my name to my son without costing too much How do I go about it without paying taxes or too much lawyer fees or him paying taxes or ???

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:04 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I would like to sell for $1.00 or whatever a house in my name to my son without costing too much How do I go about it without paying taxes or too much lawyer fees or him paying taxes or ???

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:04 | Post subject:

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