Posted on: 20th Jan, 2007 05:28 pm
A quick claim deed was filed to remove my sister\'s name and add my boyfriend to the deed. Does this put him on title to the home?
He is not on the mortgage. What is he entitled too, as far as ownership, tax obligations, foreclosure?
I want to file another quick claim deed removing him - however he is now my husband,now. I want him removed from all rights to the property. Will doing so, excuse him?
What is the difference between a quick claim deed, a warranty deed, grant deed, etc.
Thanks, Bec
He is not on the mortgage. What is he entitled too, as far as ownership, tax obligations, foreclosure?
I want to file another quick claim deed removing him - however he is now my husband,now. I want him removed from all rights to the property. Will doing so, excuse him?
What is the difference between a quick claim deed, a warranty deed, grant deed, etc.
Thanks, Bec
"A quick claim deed was filed to remove my sister's name and add my boyfriend to the deed. Does this put him on title to the home?"
Yes RJS, now after the quit claim deed was made out he has title ownership over the house. He has equal ownership rights over the house with other existing owners of the house.
About tax obligations, he will be equally responsible to pay for property taxes and in case the lender forecloses and he is not on the mortgage then after the lender is paid from the proceeds of the sale the balance left will be divided between the co-owners of the house.
David
Yes RJS, now after the quit claim deed was made out he has title ownership over the house. He has equal ownership rights over the house with other existing owners of the house.
About tax obligations, he will be equally responsible to pay for property taxes and in case the lender forecloses and he is not on the mortgage then after the lender is paid from the proceeds of the sale the balance left will be divided between the co-owners of the house.
David
If he makes a warranty deed then it will give you a clear title. On the other hand quit claim does not guarantee the other person transferring property rights has clear title to the property.
Hi RJS,
Welcome to our forums.
Yes, your boyfriend's name will be on the title. As such, he will have to pay property taxes worth his share of ownership interest in the property.
Now, there being a mortgage against the property, the title to the property is not clear. As such if you wish to remove your boyfriend's name from the property, then you can do so using a quit claim deed.
For the difference between quit claim, warranty deed and grant deed, please check out a previous discussion on Deeds .
Thanks,
Caron.
Welcome to our forums.
Yes, your boyfriend's name will be on the title. As such, he will have to pay property taxes worth his share of ownership interest in the property.
Now, there being a mortgage against the property, the title to the property is not clear. As such if you wish to remove your boyfriend's name from the property, then you can do so using a quit claim deed.
For the difference between quit claim, warranty deed and grant deed, please check out a previous discussion on Deeds .
Thanks,
Caron.