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Guest

Hello,
I have a mortgage with an ex, and he has agreed to give me ownership in the house, after which I will either refinance or sell the property...can I transfer ownership without refinancing? If so, what forms do I use in TX?

tomburris · Posted: Fri Jan 06, 2012 2:52 pm Post subject:

Most will advise you to use a 'quit claim' deed.....

I advise my clients to go to a title company and have them prepare a 'warranty deed' and file it for you. cost money.... but more secure.

Posted: Fri Jan 06, 2012 4:01 pm Post subject:

I agree with Tom. Most title companies will only charge you less than $100 to get it complete and recorded. You can also visit your recorders office in your county. But the form does need to be signed in front of a Notary. You also should know, that transferring ownership to another party who is not on the loan of the mortgage, can trigger the due on sale clause, if one is found in your mortgage note. Contact your lender to be certain. Good luck

jameshogg · Posted: Sun Jan 08, 2012 9:16 pm Post subject:

Hi Guest,

If your property is free and clear from all kind of debts, then you can use a warranty deed in order to transfer the property. However, if there is some kind of debts, then you may not be able to use a warranty deed. In such a situation, you may have to go in for a quitclaim deed.

Thanks

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Need to remove ex-boyfriend off deed w/o refinancing

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