Posted on: 03rd Dec, 2007 11:57 am
Dear Expert,
Due to the sponsorship my husband signed to bring his parents over (immigrant over), we are thinking of change the name on the house title to just my name instead of both our names. In case of emergency due to sponsorship that the government might go after him for payments from his personal assets. What kind of transfer is best to suit our needs? The loan is in both our names and we\'d like to keep that way. After the transfer, I will be the sole owner of the house. How can we do that? Thank you very much for your expertise!
Sincerely,
J.
Due to the sponsorship my husband signed to bring his parents over (immigrant over), we are thinking of change the name on the house title to just my name instead of both our names. In case of emergency due to sponsorship that the government might go after him for payments from his personal assets. What kind of transfer is best to suit our needs? The loan is in both our names and we\'d like to keep that way. After the transfer, I will be the sole owner of the house. How can we do that? Thank you very much for your expertise!
Sincerely,
J.
Hi,
You can use a quitclaim deed. Your husband can sign a quitclaim deed and transfer the property to you and both of you can remain on the loan. Do not forget to notarize and record the deed in the county recorder office to make it valid.
Thanks,
Larry
You can use a quitclaim deed. Your husband can sign a quitclaim deed and transfer the property to you and both of you can remain on the loan. Do not forget to notarize and record the deed in the county recorder office to make it valid.
Thanks,
Larry
Hello,
Quitclaim deed is better for you quitclaim is easy and simple way to transfer property among the family members. Larry is right. To make a deed valid, it should be notarized and recorded.
Quitclaim deed is better for you quitclaim is easy and simple way to transfer property among the family members. Larry is right. To make a deed valid, it should be notarized and recorded.
The only way to have the title only in your name is to have the mortgage only in your name. The lender will not allow him to remove himself from title with a mortgage on it. You could look into refinancing the mortgage into just your name to be able to do this.