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What options would my mother-in-law have (as an only child) to assume the property from her mother w/out all of the legal fees. Would a quitclaim be the right thing to use? We live in MD. and once her mother passes she will be heir to all that she has. Her mother is willing and ready to give the house to her daughter but not sure what is the best way. No remaining mortgage.

SSPINGARN · Posted: Tue Jul 14, 2009 7:03 am Post subject:

do i quit claim and than you can refi the house into your name after aprox 6 months

colleenzielske · Joined: 14 Jul 2009 Posts: 4 2.32 Dollars($)

She should notarize and have a quit claim deed recorded. There is no need to take a mortgage out (unless you need/ want the money and do not want to sell the house). This will leave a clear chain of title for when MIL wants to sell the property.

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quitclaim in md.