how do I transfer property from one person to another?

atovarov · Joined: 11 Sep 2009 Posts: 6 2.99 Dollars($)

Hello,
My friend who is a citizen of Russia purchased a home and a piece of land in Texas. However, he put his friend on the title. Now since he is not getting younger he wants to change the title to his name.
What would be the most sufficient and cheap way to do it? Thank you for your help.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1737 36.13 Dollars($)

His friend can do a a quit claim and transfer the property

atovarov · Joined: 11 Sep 2009 Posts: 6 2.99 Dollars($)

Would he need a lawyer to do it or we can just do it at the Title company? Also, will he have to pay any taxes, transfer fees, etc? Thanks

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1737 36.13 Dollars($)

You do not need an attorney and there may be some nominal fee.

You need to register this in the county office

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1737 36.13 Dollars($)

Your friend will need tonotarize it and recordat the county.

my mistake earlier

atovarov · Joined: 11 Sep 2009 Posts: 6 2.99 Dollars($)

Sunnyca,
Thank you for all your info.
I am not a specialist in this area, so forgive me if I am asking again.
Earlier mistake you mean that no quit claim deed can be used in this situation. And if not, what deed should we use? And what needs to be notarized? Thank you

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1737 36.13 Dollars($)

Sorry for the confusion.

YOur friend can do quit claim to yoru second frind and they need to notarize it and later that need to recorded in the county office

We are here to help and share knowledge

atovarov · Joined: 11 Sep 2009 Posts: 6 2.99 Dollars($)

Thank you, Sunnyca.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1737 36.13 Dollars($)

No problem

Good luck

smithsussane · Posted: Fri Sep 11, 2009 10:51 pm Post subject:

Hi atovarov!

Welcome to forums!

Your friend can do it yourself but it is always better to consult an attorney and get the quitclaim deed drafted by him. Yes, your friend will be liable for the transfer taxes, deed recording fees etc.

Feel free to ask if you've further queries.

Sussane

smithsara302 · Joined: 12 Jun 2009 Posts: 116 -0.18 Dollars($)

As suggested by Smithsussane you have to consult attorneyto get quitclam deed.

lovegreg77 · Joined: 03 Sep 2009 Posts: 34 0.00 Dollars($)

atovarov

Attorney is required as he can guide in preparing quit claim deed. ensure that

your name is mentioned as grantee
your friend is signing as grantor.
deed is notarized in country office.

i have one query.

Have you/ your friend taken any mortgage for purchasing the property?

atovarov · Joined: 11 Sep 2009 Posts: 6 2.99 Dollars($)

No, the properties are completely paid out which I hope makes the deal easier.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1737 36.13 Dollars($)

If there isnot loan involved this will mkae really easy

adonis · Posted: Sun Sep 13, 2009 10:18 pm Post subject:

Hi atovarov,

If the property is free and clear, then a simple quitclaim deed can help you in transferring the property. You can use the sample quitclaim deed forms in order to transfer the property if you do not want to consult an attorney.

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