Posted on: 19th Jan, 2010 07:58 am
last year, my parents transferred two fully paid off properties over to me via a quit claim deed. these transactions were recorded in each of the states where the properties are located. after a few weeks, i decided that i didn’t want these properties, and all of the expenses associated with them, so i quit claimed them back to them. (all documents have been notarized.) as far as i know, these properties have not been officially recorded back into my parents name, although they do once again, pay for the taxes, association dues, etc. my question is, who know officially owns the interest in this property? me, who is the one recorded as the owner or my parents who have the official document?
Hi cyndismith!
Welcome to forums!
As the quit claim deed that you signed in your parent's favor has been notarized, I think they own the property. However, your best option would be to contact a real estate attorney and take his opinion in this regard.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As the quit claim deed that you signed in your parent's favor has been notarized, I think they own the property. However, your best option would be to contact a real estate attorney and take his opinion in this regard.
Feel free to ask if you've further queries.
Sussane
Thanks for the reply. I appreciate your response. My parents keep telling me that it's no big deal if they don't record it...and I just wasn't sure. I don't want these properties...especially now that I am applying for some student loans!
Hi cyndi,
It's always better to record the deed at the county recorder's office. This will make the property transfer valid. Thus, you would be sure that you're not liable for the property any more.
It's always better to record the deed at the county recorder's office. This will make the property transfer valid. Thus, you would be sure that you're not liable for the property any more.
Thank you Adonis. I certainly agree with you. However, I just wanted to know if they were correct...that a quit claim doesn't have to be officially recorded to make the property once again belong to them, that the notarized deed is enough proof enough to officially change the ownership of the interest in the property back to them.