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What is the best way to remove a co-owner (not a spouse) from a deed in the state of Texas?

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Icon Mini Profile carolsustala



Joined: 18 Sep 2008

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PostPosted: Thu Sep 18, 2008 2:08 pm    Post subject: What is the best way to remove a co-owner (not a spouse) fro

Hello,
What is the best way to remove a co-owner (not a spouse) from a deed in the state of Texas?..My sister is co-owner of a home with another individual and they also are both on the mortgage loan. Although they are not married they were in a same-sex relationship that has been dissolved. They have agreed that my sister will "get" the home as she has solely been making the payments on it even though both names are on both the deed and mortgage. What is the best way to transfer the deed in to her name only and ensure that she is protected against the other individual changing her mind later?

Thank you
 
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Susanne

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PostPosted: Thu Sep 18, 2008 8:23 pm    Post subject:

Hi carolsustala!

If your sister wants to transfer only the deed in her name, then she can sign a Quitclaim Deed and ask the co-owner to give away all her interests in the property. However, if she also wants to transfer the mortgage in her name, then she should follow the process of Novation. A consultation with the lawyer will help you know the legal procedure for this.
 
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Icon Mini Profile jerry
jerry
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PostPosted: Fri Sep 26, 2008 2:28 am    Post subject:

Hi carolsustala!

Quitclaim deed, in my opinion, is the best way to transfer the property in your sister's name. If the property has mortgage, then your sister can go for refinance.

Thanks,

Jerry
 
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Icon Mini Profile liaoyu03



Joined: 09 Sep 2007

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PostPosted: Sat Sep 27, 2008 3:27 am    Post subject:

yes, you can use a quit cliam.
 
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