Posted on: 10th May, 2010 09:56 am
I'm buying my mother's home. She owns it free and clear and I'm buying it with a home equity line of credit. I thought a quitclaim deed would suffice to transfer the property into my name. I called the local register of deeds and was told that a warranty deed is required since money is changing hands. Does that sound right? I'm in TN.
If a warranty deed is required, do I have to use a title company or attorney? Or can I use one of the generic (yet state-specific) forms and do it myself?
Thanks,
BL
If a warranty deed is required, do I have to use a title company or attorney? Or can I use one of the generic (yet state-specific) forms and do it myself?
Thanks,
BL
Hi csuprofessor!
Welcome to forums!
As the property is free and clear, it is a good option to get the property transferred in your name by using a warranty deed. You can take help of the state specific warranty deed but it's better to take the help of an attorney in order to get the deed drafted.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As the property is free and clear, it is a good option to get the property transferred in your name by using a warranty deed. You can take help of the state specific warranty deed but it's better to take the help of an attorney in order to get the deed drafted.
Feel free to ask if you've further queries.
Sussane
Use a Warranty Deed. You can download a form on the interenet. Make sure it is notarized and delivered to the transferee. Also file a copy in the county office.
