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

Quit Claim

Author Message
Patrize2

Guest







Post Posted: Mon Jan 11, 2010 8:20 pm    Post subject: Quit Claim
Like 0
Dislike 0

I had my home built in 2007. Recently married to a service connected disable veteran. Was informed by tax assessors office that next year if I quit claim to him we won't have to pay taxes or interest on the real estate or personal property. His credit is strong as well as mine. Recently my mortgage payment has increased drastically. If this is the course we take will the home be solely in his name?
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10030
Location: Alaska
919.49 Dollars($)
Post Posted: Mon Jan 11, 2010 9:47 pm    Post subject:
Like 0
Dislike 0

Hi Patrize!

Welcome to forums!

If you are the grantor and write your spouse's name as the sole grantee of the property, then he will become the sole owner of the property. Thus, the property will be solely in his name. If you want both the names to be on the property title, then you will have to mention both the names as the grantee to the property.

Feel free to ask if you've further queries.

Sussane
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






Community Chat

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 21.056 seconds.