Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

I want to add someone elses name to the deed.

I own a rental house outright in my own personal name. I would like to put my daughter and son-in-laws names on the deed along with mine. It looks like a [url=http://www.mortgagefit.com/quitclaim-deed.html]quit claim deed[/url] takes my name off of it entirely. Is that right?

If I don't use a quit claim, then how do I do it? What about forming an LLC and then making all of us members?

Eventually my name will be taken off entirely when they finance the property, but until then, I would like to keep my name on it.

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

Hi lindasuetaylor!

Welcome to forums!

It is not true that the quit claim deed will entirely remove your name from the property deed. While you add your daughter and son-in-law to the deed, your name would be mentioned as the grantor of the property whereas you along with your daughter and son-in-law will be mentioned as the grantee. Thus, you would remain the owner of the property though you add them to the deed. A quit claim deed will also help you in transferring your property into LLC.

Feel free to ask if you've further queries.

Sussane

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:50 | Post subject:

Page loaded in 0.094 seconds.