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Signing over deed to home

Hi. I was wondering if my dad would be able to sign his house over to my husband and I. Or would it be possible to buy my father's home for what he owes on it? He's going through hard times right now, and the house has almost went to foreclosure. He says he wants to put the house on the market the beginning of the year, but I want it. How could we work it out so that my husband and I would be able to keep it?

sweeney's picture
sweeney | Joined: July 20, 2008 12:50 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi and welcome to the forum. You can just purchase it from him. You set the price at whatever you want (as long as it appraises for at least that much), and structure it so he walks away from closing with nothing or very little, as long as he's ok with that.

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Niicss's picture
Niicss | Joined: October 3, 2005 11:54 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Welcome Kitten.

You can pay off the mortgage company or [url=http://www.mortgagefit.com/refinance.html]refinance[/url] the mortgage on your name and your father can quitclaim the property to you. Thus you can save the property and also your father's credit. So talk to the mortgage company and inform them that you going to pay them off or willing to refinance the mortgage on your name and take the necessary steps. By the way, is your father willing to quitclaim the property to you? How much equity does your father have on the property?

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Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I was just wondering if it is possible to sign over a home like a car? If it is possible to "take over payments" like when you sign over a title to a car?

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Niicss's picture
Niicss | Joined: October 3, 2005 11:54 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Welcome Guest.

You should use a quitclaim deed to transfer the property. But the quitclaim deed will not transfer the mortgage. So the grantee should refinance the mortgage on his/her name.

Let me know if you have any further queries.

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Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My Aunt wants to give me her house. The house is paid off, no mortgage. What do we need to do?

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jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Marsha,

Your aunt can sign a quitclaim deed and give away the property to you. Sample quitclaim deed forms are available online however consulting an attorney and drafting a deed from him will be better. Once the deed is filled out, you will have to notarize it and record it at the county recorder's office.

Thanks

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Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

their seems to be increased companies that are advertizing that persons can find homes that are in pre-foreclosure and all you would have to do is take over the homeowners' mortgage payment with no hassles or a CREDIT check. is this real.

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adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi garry,

There are a lot of properties which are being foreclosed upon these days due to non-payment of mortgage. However, I don't think one can purchase them without credit check. In order to assume the mortgage, you should have good income and excellent credit.

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Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

can you tell me what forms do i need to do a quick claim deed to my mother in MO. I now live in Phx, AZ and dont want the house any more she is taking over payments. thanx

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Niicss's picture
Niicss | Joined: October 3, 2005 11:54 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

As the property is located in MO, you'll have to use a quitclaim deed form of MO to transfer the property to your mother. You can either use sample quitclaim deed forms available online or can take an attorney's help to draft the deed.

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Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

i own a property which still has an outstanding morgage on it. i want to sign over the deeds to my mother, how do i arrange this and is it possibe

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smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi j jones!

Welcome to forums!

You should sign a quitclaim deed in your mother's name in order to transfer the property to her. Once the deed is filled out, get it notarized and recorded at the county recorder's office.

Feel free to ask if you've further queries.

Sussane

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Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I would like to own a home by finding someone that wants out so that they can sign over the deed to me so that i may rent the home out. is the process that easy and what will it cost me to do??

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smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi margaret!

Welcome to forums!

You'll have to purchase the property from a seller and transfer it in your name first. If the property has a loan on it, then you will have to refinance it in your name. Then you can find a tenant and rent off the property.

Feel free to ask if you've further queries.

Sussane

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Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

my husband died and sign over the deed to our land to my son can he do that with out asking me.

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jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi e jenkins,

If the property was solely in your deceased husband's name, then he can sign over the deed to your son without your permission. However, if you were the co-owner of the property, then he would be able to transfer only his share of the property to you and not your share.

Thanks

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Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My husband's mother wans to sign over her to him. I would like toknow what we need to do to make this happen. There is a mortgage on the house.

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jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Rebecca,

You can ask your husband's mother to sign a quit claim deed in your husband's name and transfer the property to him. As far as the mortgage is concerned, your husband will have to refinance the loan in his name.

Thanks

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