quit claims and titles

Guest 0.10 Dollars($)

our home is in my mother-in-laws name only, if we file a quit claim deed will mine and my wifes names be added to the deed, she purchased the house for us under her name because my wife and i were both going through divorces at the time, its been 5 years now and we would like to have the advantage of tax breaks from the house, it will also relieve the tax burden form my mother in law as to having to write our house off along with hers, thanks

Guest 0.10 Dollars($)

Yes Jim, your mother-in-law can make a quit claim deed to include you and your wife as co-owners of the house.

Guest 0.10 Dollars($)

Your mother-in-law should take help of a lawyer in making the quit claim deed so that all the necessary legal points are properly covered. Get it notarized and recorded with the recorder's office in your county for it to have legal value.

Oughton

adonis · Posted: Sat Feb 03, 2007 2:38 am Post subject:

Welcome Jim,

You can add both of your names on the deed as the grantees while your mother-in-law will be the grantor. But I have a question here. Do you have your names on the mortgage also? Or is it in your mother-in-law's name?

Guest 0.10 Dollars($)

The home owned by myself and a friend have both our names on the title. Can we have my name removed with a quit claim.

jerry · Posted: Wed Nov 19, 2008 2:10 am Post subject:

Hi Jerry D,

Yes, you can use a quitclaim deed to remove your name from the title. Do you have a mortgage on the property and have your name on it? If yes, then you will be liable for the mortgage payments but you will not own the property.

Thanks,

Jerry

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