Posted: Tue Sep 02, 2008 7:02 pm Post subject: Should we wait to transfer the property to our names till af
Should we wait to transfer the property to our names till after we build on it?...my fiance's parents would like to give us proptery they bought a couple of years ago so we can build a house on it. The property is in New Jersey and we have not started to build on it yet. What is the easiest way to get this done? Should we start building before this is completed?
If you build the house before they transfer the property, they could change their mind and keep the house.
Transfer the property using a Grant Deed before starting to build a house on it. _________________ Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation.
Guest
Posted: Wed Sep 03, 2008 5:34 pm Post subject:
Let me get this -- you have cash to build the house? Must be; otherwise you'd have to have the title in your name to get a construction loan. Well, it's nice to have all that cash!
ilonka Guest
Posted: Mon Sep 29, 2008 6:06 am Post subject: House TransferI
I'm 84 years old i got a daughter who is caring for me.I own my home .I would like to transfer the house to my daughter"s name how much would it cost me to do this.
It will be best if you do a quitclaim deed. You can transfer the ownership of the property in your daughter's name. However, you can mention a life estate estate which will help you to live in the house until death.
Yes, you will have to spend some dollars for the stamp docs. Your attorney will be of a greater help to you in this regard who will help you in doing this quitclaim deed. Remember to notarize the deed.
nella2417
