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Quick Claim or Warrenty Deed

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medic8492 Joined: 16 Aug 2010 Posts: 1 1.00 Dollars($)	Posted: Mon Aug 16, 2010 11:04 am    Post subject: Quick Claim or Warrenty Deed Like 0 Dislike 0 My mother in law has 80 acres and it is written in the will that upon her death the property will be transferred to my wife ( her daughter ) and my mother in law's son. She wants us to move on the place to be closer to her as she is getting older. Our intention is to have her give us 5 acres to build a house on. We will have this surveyed off. It is agreed by all parties that if we ever do leave this property this 5 acres of land will revert back to the 80 acres along with any improvements, and this will be placed in a contract. Should we do a quick claim or warrenty deed? What other issues might we need to address.
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Aug 16, 2010 11:11 pm    Post subject: Like 0 Dislike 0 Hi medic! Welcome to forums! You can ask your mother-in-law to sign a quit claim deed and transfer the 5 acres of property to you. The deed needs to be notarized and recorded at the county recorder's office. In order to draft the deed, you need to contact an attorney. However, if there is a mortgage on 80 acres of land, it would be difficult for you to subdivide the land and transfer it to you. Feel free to ask if you've further queries. Sussane

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