Posted on: 13th Mar, 2010 07:47 pm
My mom will be making her final payment on her owner financed home and she isn't sure what documents she will need to have the title tranferred into her name? I read somewhere that a warranty deed is the best route to take, but she thinks that a quitclaim deed is. Which deed is the best one for her situation?
Hi NProsha,
After making the final payments, she would own the property free and clear. In that case, she should ask the owner of the property to give her a warranty deed. If the property was not free and clear, then she could have gone for a quit claim deed.
Thanks
After making the final payments, she would own the property free and clear. In that case, she should ask the owner of the property to give her a warranty deed. If the property was not free and clear, then she could have gone for a quit claim deed.
Thanks