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Will a Warranty Deed take care of this situation?

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Icon Mini Profile pjel322



Joined: 28 Jul 2008

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PostPosted: Mon Jul 28, 2008 9:45 am    Post subject: Will a Warranty Deed take care of this situation?

My mother wants to transfer the title to her house and lot to me before she dies. She will continue to live in the house. She simply wants to transfer the title to me. Is a Warranty Deed the proper form for this?
 
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Icon Mini Profile sweeney
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PostPosted: Mon Jul 28, 2008 6:05 pm    Post subject:

A quit claim deed may actually be easier to do.
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Mike Sweeney
LionSaves.com - refinance debt

views expressed on this forum are my opinion as a mortgage professional, not legal advice
 
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Icon Mini Profile larry



Joined: 27 Jun 2007

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PostPosted: Tue Jul 29, 2008 4:49 am    Post subject:

Hi pjel.

Welcome to the forum.

If the title is free and clear then your mother can use a Warranty deed to transfer the property to you. Otherwise she can even use a quitclaim deed. BTW you will have to notarized and record the deed in the county recorder's office.

Feel free to ask if you have any further questions.

Best of luck,
Larry
 
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Icon Mini Profile jheard
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PostPosted: Tue Jul 29, 2008 6:51 am    Post subject:

A warranty deed is the proper deed. She may want to keep a life estate in the property. Check with a local real estate attorney about that.
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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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