Posted on: 03rd Apr, 2007 08:04 pm
i am about to sign a quit claim deed from a property that i just close to a llc company own by me and my business partner, we plan to pay everything 50 50. do i have to do something that legally obligates him to pay his half of the mortgage? i am under the impression that i will be the sole responsible for the mortgage.
thanks
thanks
Hi Betty,
You can use a quitclaim deed of Florida in order to add your husband, son and son's wife to the property. While doing so, you will have to pay the stamp doc fees, registration fees and other taxes. I don't think you'll be able to avoid them.
You can use a quitclaim deed of Florida in order to add your husband, son and son's wife to the property. While doing so, you will have to pay the stamp doc fees, registration fees and other taxes. I don't think you'll be able to avoid them.
Son and Mother live together and share all expenses on house. How can they each share tax deductions while filing separate tax returns?
I would suggest you to contact a tax assessor and take his opinion in this regard. He will be the best person to help you in this matter.
I quit claim another person on my deed. They do not live here what are his responsibilities to the home as far as maintience and can they move in
Hi linda!
Welcome to forums!
As the property is quitclaimed, the grantee has the full responsibility to maintain the house. The grantee has all the rights to move into the property.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
As the property is quitclaimed, the grantee has the full responsibility to maintain the house. The grantee has all the rights to move into the property.
Feel free to ask if you have further queries.
Sussane
the ex-president of our condo association embezzled money from our association. we have filed a police report and a detective has been assigned to the case. meanwhile, she is planning to file a quit claim deed on her condo so that we will not be able to force her to pay her condo to make restitution. can we stop her? is this an example of fraud?
Hi may!
Welcome to forums!
If you can prove that she is using illegal means just to save her property from liens, then it would be considered as a fraud. Thus, the court would stop her from transferring the property to someone else.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you can prove that she is using illegal means just to save her property from liens, then it would be considered as a fraud. Thus, the court would stop her from transferring the property to someone else.
Feel free to ask if you've further queries.
Sussane
Hi Richard,
One of the partners can quitclaim his or her share of the property to someone else without informing the other partner.
Thanks
One of the partners can quitclaim his or her share of the property to someone else without informing the other partner.
Thanks
My father just passed .. Mother is surviving and now living with me. They owned the house together, have a $72K mortgage and $15K LOC against the house. House worth about $200K. Can mother quit claim her interest to me and continue to make the payments and upon her death, I can sell the house and pay the mortgage/loc off? Her will has the house being sold and profits split between 4 kids. Does the quit claim remove the house from the will, and thus, from probate?
Thanks.
Thanks.
Hi BillG!
Welcome to forums!
A quitclaim deed will come into effect during the lifetime of the grantor whereas a will comes into effect after the death of the grantor. Thus, a quitclaim deed will get more importance in this case. However, if your mother transfers the property to you, then you will have to refinance the loan in your name.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
A quitclaim deed will come into effect during the lifetime of the grantor whereas a will comes into effect after the death of the grantor. Thus, a quitclaim deed will get more importance in this case. However, if your mother transfers the property to you, then you will have to refinance the loan in your name.
Feel free to ask if you've further queries.
Sussane
ME AND MY WIFE HAVE SEPARATED MY MOMS LAND IS IN BOTH OUR NAMES IN FLORIDA CAN I DROP MY WIFES NAME FROM THE LAND DEED WITHOUT HER
It won't be possible for you to remove her name from the land deed without informing her. It is she who would be required to sign a quitclaim deed in your favor and transfer the property to you.
I see many E-bay sights insuring they will convey Quit Claim Deed on the sale of a property and that this is required by FL. banks in the sales ? Is this legal and why don't they give a Warranty Deed with any sale ?
Hi Lonny!
Welcome to forums!
The sellers will be able to give you a warranty deed only if the property is free and clear of any liens. If the property has a mortgage on it, then you will get a quitclaim deed. I guess, the properties listed in the E-bay websites have mortgages on it. As a result, they are offering quitclaim deeds.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
The sellers will be able to give you a warranty deed only if the property is free and clear of any liens. If the property has a mortgage on it, then you will get a quitclaim deed. I guess, the properties listed in the E-bay websites have mortgages on it. As a result, they are offering quitclaim deeds.
Feel free to ask if you've further queries.
Sussane