Posted on: 30th Sep, 2008 06:03 pm
hi!
my mother has the town house under her name now and wants to add me through a quit claim deed. my question is, can i use a power of attorney(from my mother with me as executor of her financial matters) to have the quit claim deed executed? i'm not sure if this is allowed.
thanks for any input!
my mother has the town house under her name now and wants to add me through a quit claim deed. my question is, can i use a power of attorney(from my mother with me as executor of her financial matters) to have the quit claim deed executed? i'm not sure if this is allowed.
thanks for any input!
Hi Guest,
The lender will give a reverse mortgage to your mother only if she is 62 years old. If you're 62 years old, then you can remain on the property along with your mother. If that is not the case, then adding your name to the property after the reverse mortgage is closed will be considered illegal and the lender may call the loan due immediately.
The lender will give a reverse mortgage to your mother only if she is 62 years old. If you're 62 years old, then you can remain on the property along with your mother. If that is not the case, then adding your name to the property after the reverse mortgage is closed will be considered illegal and the lender may call the loan due immediately.
hi
i have a client that needs a QCD and i will be preparing it. the client has a "specific power of attorney" on the property and they want to add their son, is there a different wording that needs to be placed on the QCD specifying that the wife has her husbands power of attorney? husband is out of town.
i have a client that needs a QCD and i will be preparing it. the client has a "specific power of attorney" on the property and they want to add their son, is there a different wording that needs to be placed on the QCD specifying that the wife has her husbands power of attorney? husband is out of town.
Hi Andrea!
Welcome to forums!
It will be better if you could get in touch with a local real estate attorney who will help you in drafting the deed and will also let you know whether there is any specific wording for the same.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
It will be better if you could get in touch with a local real estate attorney who will help you in drafting the deed and will also let you know whether there is any specific wording for the same.
Feel free to ask if you've further queries.
Sussane
Hello, My husband and I live with my parents and they want to sign the house over to us because the house is in need of repairs and they do not have the money so we would get a line of credit after this to do some remodeling. Is a quit claim the way to go and should we seek the advice of an attorney or just download the form online and get it notorized? We are also thinking getting a rights of surviorship in case anything would happen to my husband and I and I want to make sure the house is theirs again with no problems.
Hi imalilshy,
A quitclaim deed can be used by your parents to transfer the property to both of you. It will be better if you could take the help of an attorney to draft the deed. Yes, you can definitely add a survivorship clause to the deed.
Thanks
A quitclaim deed can be used by your parents to transfer the property to both of you. It will be better if you could take the help of an attorney to draft the deed. Yes, you can definitely add a survivorship clause to the deed.
Thanks
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