Posted on: 28th Jan, 2010 12:48 pm
In Florida, do repairs have to be made before a quitclaim deed can be used to transfer property rights from one person to another?
a quit claim deed transfers your interest in a property to another party (the grantee), without warranty of your claim to the title of the property to be granted. the quit claim deed is unrelated to the repair or disrepair of the property to be granted to the other party(ies). florida quit claim deeds must include the proper legal description of the property to be transferred via the deed. you (the grantor) must sign the deed in front of two disinterested witnesses, as well as in front of a florida notary public. finally, pay the associated fees and file the deed with the proper court of jurisdiction.
Thank you so much! I'll actually be on the receiving end. A very dear friend has a house with a reverse mortgage, but she can't live in it any longer. She is having to move to her daughter's house in Washington. What we're looking at doing is a quitclaim before she leaves and then finishing our paperwork for a mortgage as quickly as possible.
Hi 4xmommmy,
In this instance, you would be considered the grantee and your friend would be the grantor. Even though she has a reverse mortgage, she still retains full ownership rights to the property; however, the reverse mortgage is just like any other lien that will have to be satisfied (paid off) before the sale of the house (to you through your own financing) can be completed. Good luck with everything.
In this instance, you would be considered the grantee and your friend would be the grantor. Even though she has a reverse mortgage, she still retains full ownership rights to the property; however, the reverse mortgage is just like any other lien that will have to be satisfied (paid off) before the sale of the house (to you through your own financing) can be completed. Good luck with everything.