Posted on: 25th Apr, 2007 07:21 pm
What is the best way for my stepfather to transfer ownership and deed of his home to me with my name on the deed.
Lee, if there is no mortgage on the house then using a warranty deed for the transfer will be most suitable. Using it you will get clear title to the home.
"What is the best way for my stepfather to transfer ownership and deed of his home to me with my name on the deed."
I also agree with Magly, but if there is a mortgage then warranty deed cannot be used, in such situation a quit claim deed will have to be used.
I also agree with Magly, but if there is a mortgage then warranty deed cannot be used, in such situation a quit claim deed will have to be used.
Thank you Magly and Edward, there is no mortgage on the house. So all I need is an attorney?
Yeah Lee, consulting an attorney and having him prepare the warranty deed (as the title is free of mortgage or any other lien, I hope) will be sufficient.