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renemvalencia · Joined: 22 Feb 2010 Posts: 3 1.00 Dollars($)

My parents would like their name removed off the deed. Looking at the paperwork this is where I get confused as I see a few discrepancies. Parents name are not in the Mortgage, only my wife and I are the borrowers. My parents, my wife and I are on the deed listed as joint tenants.

According to the San Joaquin County, house in Tracy only Title, Escrow or attorney can do grant deed, Now Two companies said there is liability involved and it is not worth for them to do it. Others said they are not permit to do unless it is a refinance or a new purchase. All of them said just go to an attorney who takes care of real estate issues. According to the County this will be a Grant Deed not a Transfer Deed.

Thank you
René

Niicss · Posted: Tue Feb 23, 2010 2:17 am Post subject:

If your parents want to remove their names from the property deed, then they will have to sign a quit claim deed in your name and your wife's name. After this is done, you and your wife will be able to refinance the loan in your name. Thus, you would become the sole owner of the property as well as the mortgage.

gunzijjistaff · Joined: 07 Apr 2009 Posts: 712 4.51 Dollars($)

Yes, After quit claim property you not only responsible as a home owner but also responsible for mortgage payments.

Thanks.

renemvalencia · Joined: 22 Feb 2010 Posts: 3 1.00 Dollars($)

My wife and I been doing the mortgage payments since I bought the house. My parents were needed only for qualifying the loan. We don't want to refinance just remove their name at their request.
We contacted another escrow company and they said:
> Since we are a ESCROW Company we can do the grant deed for you. Yes a
> TITLE
> company cannot do it unless they have a Refi or Sale transaction. We are
> insured for $4,000,000,.00. An Attorney will charge you an astronomical
> fee
> just do the same paper work we will do. Give me a call and we can talk. If
> you would like to talk with the owner and my boss Lena Signor you are more
> then welcome. All of us her at Northern California Escrow worked for
> Alliance Title Company. The company went bankrupt and Lena decided to open
> an Escrow Company.
Thank you Gunzijjistaff and Niics

renemvalencia · Joined: 22 Feb 2010 Posts: 3 1.00 Dollars($)

After I got married we did the refinancing and added wife name to grant deed with the existing names of both of my parents and then only my name and wife appear on Mortgage after that I. At that time the document was INDIVIDUAL GRANT DEED. Interspousal transfer deed.

raymond · Posted: Tue Feb 23, 2010 5:13 pm Post subject:

>>only my wife and I are the borrowers. My parents, my wife and I are on the deed listed as joint tenants.

If only you and your wife on on the Mortgage, you're the only two that should be on Title. Use the Quit Claim process to return your Deed back to normal - where it was when the two of your originally got your mortgage.

Guest

Thank you Raymond and everyone that reply to my question, you guys are great!.

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removing names off of a deed