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Warranty Deed

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jerry Moderator Joined: 17 Oct 2005 Posts: 2615 Location: MICHIGAN 415.19 Dollars($)	Posted: Fri Nov 14, 2008 3:34 am    Post subject: Like 0 Dislike 0 Hi rasta! A similar query has been answered in the given link: http://www.mortgagefit.com/know-how/unsecuredloan-lien.html Please have a look. Thanks, Jerry
jerry Moderator Joined: 17 Oct 2005 Posts: 2615 Location: MICHIGAN 415.19 Dollars($)	Posted: Mon Nov 17, 2008 5:39 am    Post subject: Like 0 Dislike 0 Hi rasta 911! Though the price of the property has fallen, the lien will remain as a obligation and the borrower needs to pay it off. If you are not the borrower, then you should ask the original borrower to pay it off. Otherwise, the title of the property will not be clear. Thanks, Jerry
smooth talk Guest	Posted: Thu Apr 30, 2009 2:43 pm    Post subject: guestion on a warranty deed? Like 0 Dislike 0 If the deed is under my name who do I turn to put it in someone elses name? Say if they plan to buy cash for the property?
smithsussane Joined: 18 Sep 2008 Posts: 10020 Location: Alaska 917.78 Dollars($)	Posted: Thu Apr 30, 2009 10:15 pm    Post subject: Like 0 Dislike 0 Hi Guest! Welcome to forums! You can use a warranty deed or a quitclaim deed to transfer the property to the person who will buy the property. Sussane
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12330 Location: bloomfield, ct 50.03 Dollars($)	Posted: Fri May 01, 2009 12:31 pm    Post subject: Like 0 Dislike 0 to the contrary, a warranty deed should be used in a case like that guest. your buyer wants to know that there is clear title, and a quit claim deed will not provide that. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044
Dorothy Guest	Posted: Thu Feb 04, 2010 5:56 pm    Post subject: ownership of home Like 0 Dislike 0 Hi my brother in law purchased a condo, but he was not 55 so my mother in law is the only one listed on the deed, he is the only one on the morgage, she has now passed away, and he is renting the condo, does this mean my mother in law is the sole owner of that condo, therefore responsible for reporting the income from the rental
smithsussane Joined: 18 Sep 2008 Posts: 10020 Location: Alaska 917.78 Dollars($)	Posted: Fri Feb 05, 2010 12:13 am    Post subject: Like 0 Dislike 0 Hi Dorothy! Welcome to forums! As your mother-in-law is listed on the property deed, she would be considered as the owner of the property. Your brother-in-law or your husband can file an affidavit of heirship and transfer the property in their names. Then they can report the rental income while filing taxes. Feel free to ask if you've further queries. Sussane

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