Posted on: 31st Dec, 2009 07:10 am
We had just got a house gifted to us. Our house is under my name, my 2 brothers, and my mom. Now they all want out except for me. My mom and brother(1) signed and notorized a quitclaim deed stating a family transfer and quitclaims to me and my brother(2). It say that it quitclaims to my name, an unmarried woman, and my brother(2), a married man as his sole and separate property.
Is this correct?
should it say he is married or does it not matter?
would this affect his wife?
Brother(2) is going to turn in a form to want out soon.
would I be charged any more taxes?
should it have been on this form or a grant deed form stating this is a inter-family member transfer from my mom and brothers granting it to me?
sorry I have a lot of questions. I'm getting different answers from 2 different real estate people and I'm confused and worried that we did the wrong thing and I will have to pay more taxes and fees.
I hope you can answer all my questions. Thanks.
Is this correct?
should it say he is married or does it not matter?
would this affect his wife?
Brother(2) is going to turn in a form to want out soon.
would I be charged any more taxes?
should it have been on this form or a grant deed form stating this is a inter-family member transfer from my mom and brothers granting it to me?
sorry I have a lot of questions. I'm getting different answers from 2 different real estate people and I'm confused and worried that we did the wrong thing and I will have to pay more taxes and fees.
I hope you can answer all my questions. Thanks.
Hi tiffany,
If your brother's name and your name is mentioned as the grantee to the property, then both of you are the owners of the property. Your brother's wife does not have any claim on the property. Your brother can sign a quit claim deed and transfer the property to you. You do not have to state anything in the form. Your brother's name will be mentioned as the grantor whereas your name will be mentioned as the grantee. While filing the deed, you will be charged the deed recording fees, transfer fees, fees for stamp doc, etc.
Thanks
If your brother's name and your name is mentioned as the grantee to the property, then both of you are the owners of the property. Your brother's wife does not have any claim on the property. Your brother can sign a quit claim deed and transfer the property to you. You do not have to state anything in the form. Your brother's name will be mentioned as the grantor whereas your name will be mentioned as the grantee. While filing the deed, you will be charged the deed recording fees, transfer fees, fees for stamp doc, etc.
Thanks
your brother can sign a quit claim deed in your favour. it will make you 100% owner of property.
There is no need to take signature of his wife's
There is no need to take signature of his wife's
thank you for the quick responses.
Now I have another question. my brother(2) told me that since my brother(1) and my mom submitted the quitclaim deed, they will need to pay taxes every year for the house. either that or the property taxes will be split in 3 and they will have to pay for their part. Is this true?
Now I have another question. my brother(2) told me that since my brother(1) and my mom submitted the quitclaim deed, they will need to pay taxes every year for the house. either that or the property taxes will be split in 3 and they will have to pay for their part. Is this true?
Welcome tiffany,
The person who is the owner of the property will be responsible for paying the property taxes. If your brother is the owner of the property, then he will have to pay off the property taxes and other taxes required for the maintenance of the property.
The person who is the owner of the property will be responsible for paying the property taxes. If your brother is the owner of the property, then he will have to pay off the property taxes and other taxes required for the maintenance of the property.