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We purchased a house and signed a real estate contract with the owner. We financed the house through the owner and would now like to refinance through a bank. No documentation has been filed with our county. One bank recommended we file a quit claim deed with the county in order to add our names to the title. How would we go about doing that?

larry · Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)

Hi Dionne,

Welcome to this forum.

You can surely use a quitclaim deed but I would rather suggest you to use a warranty deed. When you are purchasing a property, it is better if you use a warranty deed. Consult with an attorney. He will help you to make the deed valid.

If you wish to know more about warranty deed, you can check it out- http://www.mortgagefit.com/warranty-deed.html

Thanks,
Larry

blue · Posted: Wed Dec 12, 2007 2:05 pm Post subject:

Hi Dionne,

Welcome to Mortgagefit discussion board.

First of all the seller has to sign the deed as a grantor in presence of the notary officials. Then the deed has to be notarized and record the deed in the county recorder office.

Larry is right. You should better use a warranty deed as you are buying the house.

Do let me know if you have any other questions.

Thanks
Blue

gmakerley · Posted: Wed Dec 12, 2007 2:30 pm Post subject:

when you bought this home, did you have legal representation? it seems like you didn't. if the county (town) has no record of your ownership, then you may not truly have ownership.

you definitely need to acquire this property by way of a warranty deed. if you haven't had counsel before, by all means get a lawyer to represent you in this.

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