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too many names

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too many names Guest	Posted: Thu Jun 05, 2008 1:28 am    Post subject: too many names Like 0 Dislike 0 Two brothers and their wives have their names on a property,mortgage is paid,one brother and wife would like thier names taken off of this property, all are open to suggestion,and would like to accomplish this with the least expense concerning sales or transfer taxes and capital gains,if any are due ,thankyou _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
JuanHdez Joined: 14 May 2008 Posts: 33 Location: San Diego, CA 13.08 Dollars($)	Posted: Thu Jun 05, 2008 7:49 am    Post subject: Like 0 Dislike 0 I am not an attorney, so I suggest you seek the counsil of one. Possibly a state planning attorney and inquire about a trust. From a lender's prespective, if the home is free and clear you simply need to have the people wanting to remove their name from title sign a quit-claim deed. You should be able to go down to the county recorder's office and get it done. Best o' Luck

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