Posted on: 30th Jul, 2009 07:46 pm
Hi Raymond!
Welcome to forums!
A quitclaim deed is a legal document helping a grantor to transfer property to the grantee. These forms are state specific. You can contact a real estate attorney and get the deed drafted from him/her. Sample quitclaim deed forms are available online. You can get hold of these free forms and transfer the property.
Once the deed is properly filled out, you'll have to notarize and record it at the county recorder's office. You will also have to pay deed recording fees and transfer taxes.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
A quitclaim deed is a legal document helping a grantor to transfer property to the grantee. These forms are state specific. You can contact a real estate attorney and get the deed drafted from him/her. Sample quitclaim deed forms are available online. You can get hold of these free forms and transfer the property.
Once the deed is properly filled out, you'll have to notarize and record it at the county recorder's office. You will also have to pay deed recording fees and transfer taxes.
Feel free to ask if you've further queries.
Sussane
A quitclaim deed will remove someone from or add someone to the title to your home or other property. A common occurrence of this would be two people who are married to each other and one spouse gives up any interest in the property in question that the other spouse.
Feel free to ask if you've further queries.
Feel free to ask if you've further queries.
Raymond ,
Welcome to forum
Quit claim deed is the easiest way to transfer the property ownership from one individual to another.
However one need to approach a county officer where the property is located in order to quit claim the property.
One more to add quit claim deed do not transfer the mortgage automatically to another person. It just transfers the ownership.
Welcome to forum
Quit claim deed is the easiest way to transfer the property ownership from one individual to another.
However one need to approach a county officer where the property is located in order to quit claim the property.
One more to add quit claim deed do not transfer the mortgage automatically to another person. It just transfers the ownership.
So i will still be responsibel for my mortage payment
What i need to do, fi i want to transfer both of them?
What i need to do, fi i want to transfer both of them?
Any suggestions
hi raymond,
signing a quitclaim deed will not help you in transferring the mortgage to someone else. once you transfer the property to the grantee, the grantee will have to refinance the mortgage in his/her name. once he/she does so, your name from the mortgage docs will be removed.
thanks
signing a quitclaim deed will not help you in transferring the mortgage to someone else. once you transfer the property to the grantee, the grantee will have to refinance the mortgage in his/her name. once he/she does so, your name from the mortgage docs will be removed.
thanks
What is the other personis not able to refinance?
Do we have any other options
Do we have any other options
How does this work?
Hi Raymond,
As Adonis has suggested, novation is one of methods to transfer mortgage from one person to another. As far as I know, though you apply for a novation, the lender would check your credit score and income. Also, you should note that lenders prefer refinance compared to novation.
Thanks
As Adonis has suggested, novation is one of methods to transfer mortgage from one person to another. As far as I know, though you apply for a novation, the lender would check your credit score and income. Also, you should note that lenders prefer refinance compared to novation.
Thanks