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John Pettus

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PostPosted: Mon Jul 23, 2007 7:12 pm    Post subject: time issue
My parents live in TN. and want to quick claim their home to me & my sister. How long must they live after the QC is filed for it to become valid?
 
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sara


Joined: 05 Jul 2006

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Location: New Brunswick, New Jersey


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PostPosted: Mon Jul 23, 2007 7:51 pm    Post subject: RE: how long to stay in property to make quitclaim valid
Hi John,

Welcome to the forums.

There's no such condition that a person has to occupy a property after the quitclaim is filed or else it won't be considered as valid. However, there is a time period as per state laws, within which the quitclaim deed should be filed in order to make it a valid one.

Take Care
 
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miller_st


Joined: 17 Jan 2007

Posts: 917



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PostPosted: Tue Jul 24, 2007 6:30 pm    Post subject:
Quote:
My parents live in TN. and want to quick claim their home to me & my sister. How long must they live after the QC is filed for it to become valid?


John, after the deed is made, notarized and recorded with your county recorder's office it would become valid and will result in transfer of ownership in your and sister's name.

After the deed is recorded they may immediately leave the house if they wish to. I would advice you consult an attorney for properly completing the title transfer. In addition to it also go through this page on quit claim deeds to increase your knowledge about use of this type of deed in property transfers: http://www.mortgagefit.com/quitclaim-deed.html

Miller
 
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