Posted on: 09th Nov, 2007 12:34 pm
there are 3 parties listed on the deed.
brother#1 has mortgage in his name only.
brother#2
brother#3
brother#2 and brother#3 wish to remove their name from the title.
would a form titled "california quitclaim deed - two individuals as grantors" do the job.
will this allow brother#1 to be the only on on the title?
should brother#1 refinance, will brother#1 be the only required signer to release title to bank?
brother#1 has mortgage in his name only.
brother#2
brother#3
brother#2 and brother#3 wish to remove their name from the title.
would a form titled "california quitclaim deed - two individuals as grantors" do the job.
will this allow brother#1 to be the only on on the title?
should brother#1 refinance, will brother#1 be the only required signer to release title to bank?
Hi Gkoehn,
I think the ' Two Individuals as Grantors ' form has to be used when there are two owners. But in your case, you have three names as owners out of which two will take off their name.
I guess a general quit claim form will work where you list all the three names as grantors.
Brother1 will be the sole owner of the property if the others quit claim all their interest in the property.
Since brother1 is the only person on the mortgage, he is not required to refinance it.
I think the ' Two Individuals as Grantors ' form has to be used when there are two owners. But in your case, you have three names as owners out of which two will take off their name.
I guess a general quit claim form will work where you list all the three names as grantors.
Brother1 will be the sole owner of the property if the others quit claim all their interest in the property.
Since brother1 is the only person on the mortgage, he is not required to refinance it.
hello gkoehn,
i think a general quit claim deed will serve the purpose. you have to put all the three names as grantor and put brother#1's name as the grantee.
you will find a california quit claim form here http://www.saclaw.lib.ca.us/uploads/files/quitclaim%20deed.pdf?size=309707
hope this helps you.
i think a general quit claim deed will serve the purpose. you have to put all the three names as grantor and put brother#1's name as the grantee.
you will find a california quit claim form here http://www.saclaw.lib.ca.us/uploads/files/quitclaim%20deed.pdf?size=309707
hope this helps you.
Hi,
First of all, brother1 does not have to refinance as he is the only person on the mortgage. Even if he wants to do so, he is the only person required to sign all bank documents.
First of all, brother1 does not have to refinance as he is the only person on the mortgage. Even if he wants to do so, he is the only person required to sign all bank documents.