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Quit claim or warranty deed to transfer Texas property to a living trust?

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Icon Mini Profile kendallsusan





Joined: 15 Jan 2010

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Post Posted: Fri Jan 15, 2010 5:39 pm    Post subject: Quit claim or warranty deed to transfer Texas property to a
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I've read that you have to use a warranty deed in Texas to transfer real estate into a revocable living trust. My husband and I own real estate that still has a mortgage on it. If a warranty deed warrants the property is free of liens, shouldn't we instead use a quit claim deed? If not, is there specific language we use in the warranty deed on property that still retains a lien?
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

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Location: Nevada
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Post Posted: Fri Jan 15, 2010 8:56 pm    Post subject:
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Hi kendallsusan,

If there is a mortgage on the property, then you won't be able to use a warranty deed to transfer the property to a revocable living trust. You will have to use a quit claim deed in order to transfer the property. You should contact a Texas based attorney and ask him to draft the deed for you.

Thanks
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