Quit claim deed

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Barbara

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Post Posted: Wed May 23, 2007 9:40 am    Post subject: Quit claim deed
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Need some advice....my mom wants to add me to the title of her home (it's been paid off) so that in case of her death the house would be under my name too. Does a quit claim deed assure me that the house would be mine?
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Post Posted: Wed May 23, 2007 11:11 am    Post subject:
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Hi Barbara,

Welcome to Mortgagefit discussion board.

Your mom can use a quit claim deed to add you to the title of the home. And if on the deed it is mentioned that both of you will hold the title as joint tenants with right of survivorship then after her death ownership will pass over to you.

Do let me know if you have any other questions.

Thanks
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Post Posted: Wed May 23, 2007 4:29 pm    Post subject:
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Quote:
Does a quit claim deed assure me that the house would be mine?


If you are added to the title along with your mother through a quit claim deed then you will become co-owner with her. At the time of her death you will retain your portion of ownership but your mother's share will pass onto to the person whom she gives it to as per her will.

But if quit claim deed specifies that the title will be held as joint tenants then after her death the property will automatically transfer in your name. Joint tenancy will also help you avoid probate procedure which a will normally has to undergo through.

Miller
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