CAN I TRANSFER THE DEED TO THE HOUSE TO MY SON

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Icon Mini Profile JAYMAC2610





Joined: 26 Feb 2007

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Post Posted: Mon Feb 26, 2007 4:19 pm    Post subject: CAN I TRANSFER THE DEED TO THE HOUSE TO MY SON
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CAN I GIVE MY SON THE DEED TO THE HOUSE AND REMOVE MY NAME---- DO I NEED TO DO A QUIT CLAIM
Icon Mini Profile colin
colin
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Post Posted: Mon Feb 26, 2007 4:32 pm    Post subject:
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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 quit claim deed. 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
Icon Mini Profile jameshogg
jameshogg




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Post Posted: Mon Feb 26, 2007 9:10 pm    Post subject: RE: remove name from title and give away property
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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.
joann dutcher

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Post Posted: Fri Mar 09, 2007 12:46 pm    Post subject: quit deed
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i need to remove my son from the deed
what form do i need
lippincott

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Post Posted: Fri Mar 09, 2007 1:37 pm    Post subject:
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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.
Betty

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Post Posted: Fri Oct 10, 2008 10:40 am    Post subject: Transfer of house to son but money is owed on house
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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.
Icon Mini Profile smithsussane
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Post Posted: Fri Oct 10, 2008 11:04 pm    Post subject:
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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
Denise in Ontario

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Post Posted: Fri Jul 17, 2009 3:40 am    Post subject: gift of a house without adding other costs
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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 ???
Denise in Ontario

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Post Posted: Fri Jul 17, 2009 3:40 am    Post subject: gift of a house without adding other costs
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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 ???
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