Contact a title agnecy or a real estate attorney about a "Quit Claim Deed".
You would to have your attorney draw up a "quit claim deed" to deed half your interest to the party you want to deed that interest to. That deed will then be filed at the courthouse and that would be it.
What you want is a "Quitclaim" or "Quitclaim deed" as it is commonly referred to. It's a simple 1 page document that either adds or removes a person from the ownership of the property. This person if added has just as much right to the property as you. Once completed, you can take it to the county recorder's office and have it recorded. There are tons of free and cheap quitclaims available on the internet. Expect to pay a small fee for the recording of the quit claim as well. If you want to pay more but do less yourself, just call a title company and ask them how much t hey charge to do a quitclaim to add a person and get it recorded. They will be glad to quote you a price. It will most likely be between $90 and $150 to have them do it for you.
In most cases, you would file a quit claim deed. If the property is in Jim's name, and you wanted to ad Mary to the deed, Jim would give up ownership and transfer the ownership to Jim and Mary. The reason for this is that the Jim and Mary combination is a different legal entity than just Jim.
The people on the existing deed create and sign a new deed by which they convey the property from themselves to themselves and the additional owner. This new deed now has all of them on it. The idea of "adding a person to a deed" is technically wrong, because the old deed is not changed. A new deed has to be created and recorded.
You would to have your attorney draw up a "quit claim deed" to deed half your interest to the party you want to deed that interest to. That deed will then be filed at the courthouse and that would be it. This will allow that person to have interest in the home, but, not be liable for the debt personally that may be on the home.
You need to consult with an attorney who can review your situation and explain your options. If you wish to add a co-owner to your deed you must have a new deed drafted that transfers ownership from you to you and your co-owner. There are legal consequences to adding a co-owner to the title to your property and you should understand them before making that transfer. Also, deeds should always be drafted by a professional because errors in deeds made by non-professionals can be costly to correct if they can be corrected. The fees for this transaction shouldn't be very high but having the advice of an attorney will be well worth it.
Generally, the current owner executes a new deed to herself and the other person. There may be complications if you have a mortgage on the property. Also, you must decide how you and the co-owner will hold title.
An owner of property can add a name to the title by executing a new deed from the current owner to the current owner and the person you want to add to the title. You should always consult with an attorney who specializes in real estate law to make certain the deed is drafted properly for your jurisdiction. The attorney will explain the various tenancies by which you can choose to hold title, especially if you wish to hold title by survivorship. The new deed must be recorded in the land records.
If there is an outstanding mortgage you may need to check with your lender. Mortgages contain a due on transfer clause. That means the lender can demand payment in full upon any change in ownership.
You should contact an attorney who specializes in real estate law who can draft a proper deed for your jurisdiction andexplain the various legal consequences of adding another person to the title.
You add another owner to the title by having an attorney draft and record a new deed.
Quit Claim Deed
no
How do you add a name to a deed
How do I add my daughter's name to my deed
thru a lawyer or solicitor being present when adding their name to any document
Take a copy of your deed. Go the the county courthouse. Go to the tax assessor's office. Add her name.
Execute a new warranty deed. Write your name and the name of the person you want to add. Take the warranty to the notary public. Take the notarized deed to the land records.
No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.
You aren't. you need to get him to add your name on the deed , contact the lender and they will add it. usally free of charge with his premission and if he won't let you keep all receipts where you have paid on it , any repairs just anything showing you have money in the house. in case in has to end up in court
quit claim deed
you can use quit claim deed
Yes, the husband can rent the house if he has the Mortgage in his name but the Deed of Trust is shared.
Getting a devorce and house is facing forclosure but my name is not on deed. Am I liable.