Posted: Sun Jun 29, 2008 12:44 pm Post subject: Adding a co-owner using a quit claim deed
How do you add someone's name to a title using a quit claim deed keeping the grantor's name on the title as well? My aunt is very ill and we need to sell her property in Florida in order to help pay for her nursing care, but we want to keep her name on the property until it sells due to the homestead tax credit she gets as a FLA resident. So we just want to add my dad's name to the deed in order to enable him authority to work with a realtor in FLA. (we live in Michigan). Thanks! Amy
What you need to do is, let your aunt transfer a certain part of her property over to your dad. So, she'll have to sign on a quitclaim deed as the grantor thereby transferring a share of interest in property to your dad. Thus, the deed will reflect your aunt as the grantor and both your aunt and dad as the grantees.
I hope I could explain. And just in case you're looking for a sample deed for Florida quitclaim, you willl get it at http://www.mortgagefit.com/predeal/quitclaim-stateforms.html . _________________ Procrastination is the enemy of your financial success
amy Guest
Posted: Mon Jun 30, 2008 7:49 am Post subject:
Yes, Thank you very much! That was very helpful. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
Your aunt needs to quitclaim to your dad and herself to add your dad on the deed or title of the property. So your aunt will be the grantor and your dad and aunt will be the grantee. Hope it is clear. By the way you should contact with an attorney who will daft the deed for you and help you to make the deed valid.
Is it a mortgaged property? If there is a mortgage on the property then your aunt needs to take consent from the mortgage company before signing the quitclaim deed.
Let me know if you have any further queries. _________________ Good is the Enemy of Great.
amykrawciw
