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jerry
Moderator
Joined: 17 Oct 2005
Posts: 1778
Location: MICHIGAN
266.05 Dollars($)
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Hi,
To Big Bear,
The wife can use a quitclaim deed to transfer the property to her soon to be ex-husband. Quitclaim deed forms are available online but it is always better to draft the deed from an attorney. Once the deed is filled out, it needs to be notarized and filed at the county recorder's office.
To toshgaal,
Yes, you can use a warranty deed while buying the wooden lots. To know more about warranty deed, check out the given link:
http://www.mortgagefit.com/warranty-deed.html
Thanks,
Jerry |
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skaterdon
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Post subject: 2nd house i own |
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| Can i deed the house over to my daughter? if so, what is simplest way? |
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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Welcome skaterdon,
If your daughter is an adult, you can add her to the property title with the help of a quitclaim deed. You can get sample quitclaim deed forms online but it is always better to draft the deed from an attorney.
_________________
Procrastination is the enemy of your financial sucess |
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Jess
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Post subject: Mortg transf |
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| I bought a house with the mortgage under my name, I am a recent widow and now my daughter and son in law live with me, to whom I'd like this house to go to should something happen to me. how can i guarantee they will not have to refinance etc etc and can just resume paying the mortgage (as they are the ones who pay it now any ways) |
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Jess
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Post subject: Mortgage transf |
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| I recently became a widow and now live with my daughter and son in law, I bought the house under my name, so the mortgage is under my name. however I want to assure they have the house if something were to happen to me, how can I assure this without them having to refinance etc etc? They already pay the mortgage as it is, and would hate them have to refinance in the midst of what might be a trying time should something happen to me. |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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Hi Jess
As far as I know, if the ownership of the property changes, then the new owners will have to refinance the property in their name. However, in your case, as your son-in-law and daughter are paying the mortgage dues, they may speak to the lender about novation which is also a way of transferring the mortgage. But you should note that lenders prefer refinancing over novation and it will be totally the lender's discretion whether he will accept a novation or not.
Thanks.
_________________
Good is the Enemy of Great. |
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txaustinjoe
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Post subject: Granting Undivided Interest in Land |
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I have two clients who purchased land in Houston, TX and they jointly own it. One owner wants to grant his undivided interest in the land to the other owner. What's the best way to do it without involving a title company? Thanks!
"joetrak@aol.com"
[Link deactivated as per forum rules. Thanks.] |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 1778
Location: MICHIGAN
266.05 Dollars($)
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Hi txaustinjoe,
The owner who wants to transfer the property can sign a quitclaim deed in the name of the other owner. Once the deed is signed, it has to be notarized and recorded at the county recorder's office. But you should remember that if there is a mortgage on the land, then that mortgage will have to refinanced by the new owner.
Thanks,
Jerry |
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Guest
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Post subject: |
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Jerry,
Thanks for taking the time to reply. I thought a simple quitclaim would do the trick until someone said that in Texas, title companies have recently been refusing to accept quitclaim deeds as the carry too much risk. If that is the case, would a general warranty deed protect the grantee? Thanks! |
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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Welcome Guest,
Yes, you can use a general warranty deed for the transfer of the property as well.
_________________
Procrastination is the enemy of your financial sucess |
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anonymous1
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Post subject: Can a divorce decree be used instead of a warranty deed |
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| I am recently divorced and my ex husband's attorney did not have him sign the warranty deed included. Can the divorce decree be used to obtain clear title to the house (clearly stated in the decree)? I am trying to refinance and the title company has asked for the warranty deed and now the ex husband is refusing to sign one. |
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sad and confused
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Post subject: warranty deed |
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| I had poa for my mother she sold me her house for $500.00 5 years ago, I never filed or transefer the property, she is now deceased. Is the warranty deed still valid |
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LS
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My parents filed a Warranty Deed granting their home (and lot next door) to my uncle 10 years ago (no mortage on the house at that time). An attorney filed it and appears to have all of the clauses required in Texas.
Can my uncle file another Warranty Deed using the same language as the first one (but switching out the names) granting the home back to my dad? My dad is and 65 and wants to lower his property taxes. |
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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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Hi LS!
Welcome to forums!
In my opinion, your uncle can use a warranty deed to transfer the property to your father using the same language. But it is always better to take the help of an attorney in doing these things.
Feel free to ask if you have further queries.
Sussane |
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LS
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Post subject: |
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| Thanks Sussane! |
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Deeds, Property Transfer and Estate Planning Forum
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