Quit Claim Deed: Document transferring property-interest

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Zeal_Deal

Post subject:

Don’t worry Katherine you did not handle this incorrectly. I think he can use the mortgage interest paid for his tax return because you did not refinance before the period for which he filing the tax return. Its better that you consult an attorney. Zeal_Deal

Community Experts

Joined: 28 Jan 2006
Posts: 378
Location: Dallas

56.65 Dollars($)

Post subject:

I'm going to disagree with Zeal here and say that you need to A. Talk to your divorce attorney and then B. Talk to a tax attorney. It probably should have been handled in your mediation however if he was making those payments and can prove it he may be correct.....if on the other hand you made all the payments in 2005....then I wouldn't be worried about the IRS. _________________ Cedric Kalvesmaki *Professional Disclaimer* While I am a Mortgage Professional, this advice is generic in nature only. 888-383-9019 emails and PMs gladly answered www.freedommortgagetexas.com Freedom Mortgage I live in TX but cover all 50 states

jrb47

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0.10 Dollars($)

Post subject: quit claim conveience on deed

my wife's parents deeded house to four children as a tenacy in common with quit claim conveience what is this?

jerry

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Joined: 17 Oct 2005
Posts: 1773
Location: MICHIGAN

264.99 Dollars($)

Post subject: RE:

Hi, If your wife’s parents have quit claimed their property to four children as joint tenants then I think it means that all four of them have the joint ownership of the property without the right of survivorship. Thanks, Jerry

Guest

0.10 Dollars($)

Post subject: Quick Deed

My mother and I are on title of our home. I have become handicap and disabled. Am I able to quick deed my portion of my home to my daughter.

Caron

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Joined: 19 Jul 2005
Posts: 1562
Location: florida

266.56 Dollars($)

Post subject: RE:

Hi SB, I feel for you. Let's hope that you can cope up with your health. You may have your name along with your mother's on the title to the house. But you can still transfer your portion of interest in the house to your daughter through the quit claim deed. But let me mention, the quit claim deed only allows you to transfer your share of interest and not the ownership rights to your daughter. Thanks, Caron.

Guest

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Post subject: Quick Claim Deed

Can a lien still be put on the house if I quick deed my portion of the house to my daughter. Upon sale of the house should a lein exist does a quick claim deed delete this said lein. Upon sale of the house and should there be a profit can monies be with held because of the lein and in what instance/cases can this happen. What is the difference between transferring my share of interest to my daughter and my ownership rights?

Zeal_Deal

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0.10 Dollars($)

Post subject: RE:

If you quit claim your property to your daughter then it will have no affect on the lien. And regarding your second question, you cannot sell a property that has a lien without your lender's consent. And in case the property is sold, the new owner has to take the responsibility of taking off the lien. For eg, if you have a mortgage against that property, then your lender has to agree before you transfer the liability of repaying the loan. Regarding your final query, when you transfer your share of property-interest through quit claim deed, you are actually allowing your daughter to occupy that portion. But her name will not appear on the title to the property, she will not be the owner of your part of property. Zeal_Deal

Lisa

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0.10 Dollars($)

Post subject: quit claim deed

Hi, I am looking into buying a newly constructed townhouse. The builders are offering a special to military members. I am not military but my friends are: the realtor suggested a quit claim deed. As such my girlfriend (active duty military) would get the property and do a quit claim deed. Is this what the realtor is suggesting? If so, then when the house is constructed and all, we do do a quit claim deed and I would have sole ownership of the house? Please advise. Lisa

Samantha

Community Mentor

Joined: 16 Sep 2005
Posts: 1600
Location: MASSACHUSETTS

149.06 Dollars($)

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Hi, Welcome to MortgageFit Forums. Your friend can transfer the ownership rights for the title to you through a quit claim deed. Involve an attorney in the process and get the deed notarized. It's better if you record it with your county's recorder office. Feel free to ask if you have more doubts. God bless you. For MortgageFit, Samantha _________________ Know how to compare lenders with mortgage booklet

Elaine

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0.10 Dollars($)

Post subject: father deceased left property and house to three children.

We will be selling the house and property what form do we need?

Samantha

Community Mentor

Joined: 16 Sep 2005
Posts: 1600
Location: MASSACHUSETTS

149.06 Dollars($)

Post subject:

Hi Elaine, Welcome to MortgageFit Forums. You need to know first whether your state law requires the seller to give the potential buyers the property disclosures. Normally this is required. In that case property disclosure form is required. You may get disclosure forms offered by many state agencies online. For house built prior to 1978, the Federal law requires the buyers to be provided with a lead paint pamphlet, for which EPA form is available. Either the seller or the buyer must prepare a contract form for the deal. The form should cover all the areas of real estate laws of your state. For this reason it is better to prepare the form under the guidance of a real estate attorney. Feel free to ask if you have more queries. God bless you. For MortgageFit, Samantha _________________ Know how to compare lenders with mortgage booklet

Joined: 20 Dec 2005
Posts: 4291
Location: nevada

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Elaine, Real estate transaction form and requirements may differ a little from state to state. But all the forms should be notarized so that it can be recorded with the land records. James

nevada

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Post subject:

i signed a quick claim at purchase due to credit issues,do i still have interest in community property state? we live and share all bills 4 years