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Barbara
Guest
0.10 Dollars($)
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 Posted: Wed May 23, 2007 9:48 am Post subject: Quit claim deed ?? |
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Can my mom add me to the title of her home so that in case of her death my name is listed as an owner?
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colin
Moderator
Joined: 30 Jun 2006
Posts: 602
Location: Waltham, Massachusetts
112.61 Dollars($)
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| Posted: Wed May 23, 2007 11:16 am Post subject: |
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Hi Barbara,
Welcome to Mortgagefit forum.
You had asked the same question here also: http://www.mortgagefit.com/propertytransfer/about7329.html
Kindly go through this above page to see the answers community members have given to your question.
Colin |
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kathy
Guest
0.10 Dollars($)
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| Posted: Thu Jun 07, 2007 3:52 pm Post subject: quit claim and life estate |
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| my mother quit claimed her house to me and my siblings seven years ago we also did a life estate for her she planned on staying in her house until death or going to a nursing home we did the quit claim to protect her house from the nursing home now her health is getting poor but she is not ready for a nursing home she wants to sell the house and move into a small apartment my siblings and i would be agreeable to a reversal of the quit claim is this possible? |
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blue
Joined: 21 Oct 2005
Posts: 1138
Location: MARYLAND
134.99 Dollars($)
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| Posted: Thu Jun 07, 2007 4:05 pm Post subject: |
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Hi Kathy,
Welcome to Mortgagefit discussion board.
You can make a new quit claim deed to transfer ownership back into your mother's name. After the title transfer she can sell the house.
As you all are agreeing to transfer title back in her name, there will not be any problem in it.
Do let me know if you have any other questions.
Thanks
Blue
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james Hardy
Guest
0.10 Dollars($)
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| Posted: Tue Jun 26, 2007 4:21 pm Post subject: Quitt deed |
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| i long do i have to file my deed with the courts |
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Blackburn
Guest
0.10 Dollars($)
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| Posted: Tue Jun 26, 2007 4:35 pm Post subject: |
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| James, within which time frame you need to file the quit claim deed with the courts largely depends on the state you are in and applicable laws in your state concerning filing of property deeds. |
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adonis
Joined: 22 Oct 2005
Posts: 1237
Location: ALASKA
105.97 Dollars($)
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| Posted: Wed Jun 27, 2007 5:42 am Post subject: |
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Welcome James,
Where do you live? There's the law that varies from state to state if you are filing any deed.
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Ann-Marie Payne
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0.10 Dollars($)
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| Posted: Sat Jul 14, 2007 10:58 am Post subject: Help |
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Hi, I live in GA and my boyfriend and I bought a house with his credit, my money. We are having major problems and have decided to part ways. He wants nothing to do with the house and is no position to keep it. I have three children and do not want to move. I cannot qualify for a mortgage at this time but have found out that he has not been paying the mortgage and the house will soon be in foreclosure. Do I have any options at all at this point or is it too late? I can pay the monthly payments. Any advice will be very helpful.
Ann |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 539
Location: MICHIGAN
49.64 Dollars($)
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| Posted: Mon Jul 16, 2007 4:15 am Post subject: RE: transfer loan and avoid foreclosure |
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Hi Anne,
Welcome to the forums.
If you think you'll be able to pay off the mortgage, then you can request the lender to allow you to pay off the loan. I guess you are on the title to the property. So, in order to take over the liability of paying off the loan, you will need to either refinance the loan or get the loan transferred in your name by novation.
Thanks,
Jerry |
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miller_st
Joined: 17 Jan 2007
Posts: 917
168.82 Dollars($)
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Rosemary
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0.10 Dollars($)
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| Posted: Tue Jul 17, 2007 8:16 pm Post subject: Quit Claim Deed |
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| My parents own a lake-front cottage that they would like to turn over to their four adult children. They no longer want the financial burden of the taxes and expenses but want to "give" the cottage to us. Would a quit claim deed be the answer for us? |
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sara
Joined: 05 Jul 2006
Posts: 955
Location: New Brunswick, New Jersey
182.56 Dollars($)
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| Posted: Tue Jul 17, 2007 8:30 pm Post subject: RE: is quitclaim deed the right answer? |
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Hi Rosemary,
Welcome to the forums.
The transfer can be done using a quitclaim deed. But your parents may have to pay gift taxes if they do use a quitclaim. This is because a property which is quitclaimed without money transfer or at the cost which is less than it is worth, is known as gift. Hence, transfer through a quitclaim without or with less money being transferred is regarded as gift transfer. And, as such the person conveying the property or the grantor is liable to pay gift taxes. But there is an exemption limit as far as payment of such taxes are concerned. Know about the exemption from a previous discussion on Gift taxes. |
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Rosemary
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0.10 Dollars($)
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| Posted: Tue Jul 17, 2007 8:40 pm Post subject: Quit Claim Deed |
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| Thanks, Sara. |
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sara
Joined: 05 Jul 2006
Posts: 955
Location: New Brunswick, New Jersey
182.56 Dollars($)
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| Posted: Tue Jul 17, 2007 9:01 pm Post subject: |
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| Most welcome Rosemary |
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Dana
Guest
0.10 Dollars($)
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| Posted: Thu Jul 19, 2007 7:33 am Post subject: Validity of quit claim deed |
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| I have a quitclaim deed that has not been recorded, but has been signed and witnessed by a notary, is it valid on a mortgaged home in Nevada, if I get it recorded? |
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