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 Posted: Fri Jun 06, 2008 1:26 pm Post subject: Is a Quit Claim Deed the solution to drop my name off a deed |
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| I own 50% of the property that is in both my mothers and my name. She is deceased with no will. Can I sign over my 50% of the property using a Quit Claim Deed? Also, will this affect me in any way now that I am trying to purchase my own hom? |
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 jheard
Moderator
Joined: 12 Dec 2007
Posts: 591
Location: Houston, TX
97.61 Dollars($)
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| Posted: Fri Jun 06, 2008 1:34 pm Post subject: |
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No. Your mother is deceased, so you cannot transfer a property interest to her. Her heirs now own her half, so you must quitclaim to them.
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Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation. |
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Victor
Guest
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| Posted: Fri Jun 06, 2008 2:05 pm Post subject: To Clarify |
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| I would like to quit deed to a relative. Can I quit claim just my 50% to a niece who is not one of mothers heirs? We live in Texas and the property is also located in TX. |
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larry
Joined: 27 Jun 2007
Posts: 3328
474.44 Dollars($)
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| Posted: Sat Jun 07, 2008 5:18 am Post subject: |
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Hi Victor.
Are you the only owner of the property? If you are the only owner of the property then you can quitclaim 50% of the property to your niece. BTW you should take help to quitclaim and transfer the share of the property. He will help you to make the deed valid.
Feel free to ask if you have any further questions.
Best of luck,
Larry |
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Jeanette
Community Experts
Joined: 19 Oct 2007
Posts: 121
Location: 760 Lynhaven Parkway, suite 140 Virginia Beach, Virginia
36.24 Dollars($)
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| Posted: Sat Jun 07, 2008 9:59 am Post subject: |
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Victor,
| Quote: | | Also, will this affect me in any way now that I am trying to purchase my own hom? |
It will affect you if you are on the mortgage note of first house making payments. That will influence your chances to add another debt to your list of other debts. Your income may not suffice for two mortgage payments. Get a mortgage quote from one of our qualified lenders when you are ready. Contact your family attorney for adivice on your current home.
http://www.mortgagefit.com/quote/
Good Luck,
Jeanette Smith
Mortgage Planner
Union Mortgage Group
www.umgva.com
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Life is like a bull grabit by the horn |
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