Posted on: 19th Jan, 2009 10:25 am
Where do I go to get the title for a home I co-borrowed on changed into my daughters name only?...I co-borrowed with my daughter to buy her home. It has been 9 months and I want to remove my name from the title? What steps do I need to take?
Desperate in Arizona
Desperate in Arizona
hi jalo,
in order to remove your name from the property deed, you will have to sign a quitclaim deed in your daughter's name. once the deed in filled up, you need to notarize it and record it at the county recorder's office. sample quitclaim deed forms are available online but you can even contact an attorney who will help you in drafting the deed.
however, you should remember that once you quitclaimed the property to your daughter, she needs to refinance it in her name. if she doesn't, then you will still have the obligation to pay the mortgage if she is unable to do so.
thanks
in order to remove your name from the property deed, you will have to sign a quitclaim deed in your daughter's name. once the deed in filled up, you need to notarize it and record it at the county recorder's office. sample quitclaim deed forms are available online but you can even contact an attorney who will help you in drafting the deed.
however, you should remember that once you quitclaimed the property to your daughter, she needs to refinance it in her name. if she doesn't, then you will still have the obligation to pay the mortgage if she is unable to do so.
thanks