Posted on: 24th Aug, 2009 06:46 pm
We bought a house last year for cash and my parents live in it and only pay us to cover the taxes and insurance....because the house is not considered owner occupied the taxes are more expensive along with the insurance...is there an easy way to add my over 65 parents to the title, but still keep my name so that when my parents pass away I am not splitting 1/2 the value with my brother...
dawnscooby
welcoem to the forum
you can do this by doign quit claim deed.
please check this
http://www.mortgagefit.com/search/quitclaim-deed.html
good luck and feel free to ask
welcoem to the forum
you can do this by doign quit claim deed.
please check this
http://www.mortgagefit.com/search/quitclaim-deed.html
good luck and feel free to ask
Hi dawnscooby!
Welcome to forums!
You can definitely add your parents to the property deed. You will have to sign a quitclaim deed and add your parents' name to the property. You can go for the joint tenancy with right to survivorship wherein you would inherit the property directly after your parents' death. Once you fill out the deed, you'll have to notarize and record it at the county recorder's office.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can definitely add your parents to the property deed. You will have to sign a quitclaim deed and add your parents' name to the property. You can go for the joint tenancy with right to survivorship wherein you would inherit the property directly after your parents' death. Once you fill out the deed, you'll have to notarize and record it at the county recorder's office.
Feel free to ask if you've further queries.
Sussane