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how do I transfer property from one person to another?

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atovarov Joined: 11 Sep 2009 Posts: 6 2.99 Dollars($)	Posted: Fri Sep 11, 2009 8:37 pm    Post subject: how do I transfer property from one person to another? Like 0 Dislike 0 Hello, My friend who is a citizen of Russia purchased a home and a piece of land in Texas. However, he put his friend on the title. Now since he is not getting younger he wants to change the title to his name. What would be the most sufficient and cheap way to do it? Thank you for your help.
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Fri Sep 11, 2009 8:49 pm    Post subject: Like 0 Dislike 0 His friend can do a a quit claim and transfer the property
atovarov Joined: 11 Sep 2009 Posts: 6 2.99 Dollars($)	Posted: Fri Sep 11, 2009 8:51 pm    Post subject: Like 0 Dislike 0 Would he need a lawyer to do it or we can just do it at the Title company? Also, will he have to pay any taxes, transfer fees, etc? Thanks
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Fri Sep 11, 2009 9:04 pm    Post subject: Like 0 Dislike 0 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: 1731 35.55 Dollars($)	Posted: Fri Sep 11, 2009 9:05 pm    Post subject: Like 0 Dislike 0 Your friend will need tonotarize it and recordat the county. my mistake earlier
atovarov Joined: 11 Sep 2009 Posts: 6 2.99 Dollars($)	Posted: Fri Sep 11, 2009 9:21 pm    Post subject: Like 0 Dislike 0 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: 1731 35.55 Dollars($)	Posted: Fri Sep 11, 2009 9:28 pm    Post subject: Like 0 Dislike 0 Sorry for the confusion. YOur friend can do quit claim to yoru second frind and they need to notarize it and later that need to recorded in the county office We are here to help and share knowledge
atovarov Joined: 11 Sep 2009 Posts: 6 2.99 Dollars($)	Posted: Fri Sep 11, 2009 9:36 pm    Post subject: Like 0 Dislike 0 Thank you, Sunnyca.
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Fri Sep 11, 2009 9:40 pm    Post subject: Like 0 Dislike 0 No problem Good luck
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Fri Sep 11, 2009 10:51 pm    Post subject: Like 0 Dislike 0 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 -2.38 Dollars($)	Posted: Sat Sep 12, 2009 3:28 am    Post subject: Like 0 Dislike 0 As suggested by Smithsussane you have to consult attorneyto get quitclam deed.
lovegreg77 Joined: 03 Sep 2009 Posts: 34 0.00 Dollars($)	Posted: Sat Sep 12, 2009 8:45 am    Post subject: Like 0 Dislike 0 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($)	Posted: Sat Sep 12, 2009 1:01 pm    Post subject: Like 0 Dislike 0 No, the properties are completely paid out which I hope makes the deal easier.
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Sat Sep 12, 2009 3:43 pm    Post subject: Like 0 Dislike 0 If there isnot loan involved this will mkae really easy
adonis Joined: 22 Oct 2005 Posts: 10242 Location: ALASKA 1042.50 Dollars($)	Posted: Sun Sep 13, 2009 10:18 pm    Post subject: Like 0 Dislike 0 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. _________________ Procrastination is the enemy of your financial success

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