Posted on: 03rd Apr, 2009 12:48 pm
MY PARENTS WOULD LIKE TO GIVE MY SISTER AND I THE DEEDS OF THEIR HOUSE,THEY HAVE NO MORGAGE OUTSTANDING AND REALLY DONT WANT TO GO DOWN THE ROOT OF DEED OF GIFT BECAUSE OF COSTS AND TIME SCALE REQUIRED.WOULD YOU KNOW IF THIS WILL BE POSSIBLE
Hi nmorris,
Though there is no mortgage on the property, your parents will have to go for a deed of gift. You can consult a real estate attorney. He would be the best person to help you in this issue.
Though there is no mortgage on the property, your parents will have to go for a deed of gift. You can consult a real estate attorney. He would be the best person to help you in this issue.