Home arrow Mortgage Forums arrow Deeds, Property Transfer and Estate Planning arrow

how do I get my name off a quitclaim deed?

Author Message
Icon Mini Profile quindy





Joined: 24 May 2011

Posts: 2

1.44 Dollars($)
Post Posted: Tue May 24, 2011 7:28 am    Post subject: how do I get my name off a quitclaim deed?
Like 0
Dislike 0

my name is on a timeshare property in Hawaii, as a joint tenant, with my mother. How do I get my name off the deed?
Guest









Post Posted: Tue May 24, 2011 8:50 am    Post subject:
Like 0
Dislike 0

The problem is if you are on the loan. You would not be able to get off the liability of the loan, without selling the portion of you share. To get off title to a property you would record a quitclaim deed. You can add/remove people from title, but not on loans. Have you contacted your lender?
Icon Mini Profile quindy





Joined: 24 May 2011

Posts: 2

1.44 Dollars($)
Post Posted: Tue May 24, 2011 8:53 am    Post subject:
Like 0
Dislike 0

no money is due on the property. I just don't want any part of the time-share anymore, thus I want my name off of it. Do I only need to fill out a quitclaim? Will I need my mother's signature?
Icon Mini Profile chrisgummerson

Community Expert
Community Expert



Joined: 29 Apr 2010

Posts: 704
Location: La Palma, CA
9.98 Dollars($)
Post Posted: Tue May 24, 2011 9:41 am    Post subject:
Like 0
Dislike 0

I am not an expert on time shares. I don't know the ownership and the deeds used. Did you go to an escrow company when you purchased? You can contact them or your local title company, all else fails try the originating lender or company.
_________________
Chris Gummerson
Bay Valley Mortgage Group
bayvalleymortgage.com
714-367-5125
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor

best lender badge

Joined: 09 Nov 2007

Posts: 12376
Location: bloomfield, ct
58.49 Dollars($)
Post Posted: Tue May 24, 2011 11:35 am    Post subject:
Like 0
Dislike 0

Timeshares are, generally, titled real estate; so a simple quit claim deed ought to do the job here. Your best bet is to contact an attorney who can do the necessary research and provide you with what you need.
_________________
George M. Akerley
Mortgage Underwriter/Consultant
Word of Excellence- Writing/Editing/Proofreading
860-221-5044
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10574
Location: ALASKA
1090.82 Dollars($)
Post Posted: Tue May 24, 2011 8:55 pm    Post subject:
Like 0
Dislike 0

Welcome quindy,

You can sign a quitclaim deed and transfer the property to your mother. However, if your name is mentioned on the mortgage docs, then you should ask your mother to refinance the mortgage in her name so that your name is removed from the mortgage docs.

_________________
Procrastination is the enemy of your financial success
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Refinance Quotes
Call for Rates
888-485-7561
Speak to a lender now.

We will match calls to our toll free number with our network of lenders.

Ask Questions
Community Attorney
Joshua Heard - Attorney Joshua Heard
Houston, Texas






Highlights

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool







We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.241 seconds.