---

Can my husband and I get homestead after being granted a quitclaim deed?

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Guest	Posted: Mon Mar 02, 2009 7:33 pm    Post subject: Can my husband and I get homestead after being granted a qui Like 0 Dislike 0 My parents own a home in Florida. They are not Florida residents. They are going to quitclaim the deed to me and my husband. We are Florida residents. Can me and my husband receive homestead once the deed is filed even though my parents' names will still be on the mortgage? And, does the quitclaim deed remove my parents' names or just add me and my husbands to the deed as well?
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Tue Mar 03, 2009 2:27 am    Post subject: Like 0 Dislike 0 Hi Guest, A quitclaim deed can remove your parents name and can also add you and your husband's name on the title. It depends on whether your parents transfer all of their interest in the property to you or only a part of it. As far as I know, the homestead exemption can be obtained only on the primary residence. So if you can show the house as your primary residence you can avail the exemption, irrespective of whose name is on the loan.

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0