Posted on: 09th Sep, 2010 01:37 pm
My Dad passed away, left two dwelling, we plan on spliting properties between another sibling. Quitclaim each house to the other.
Houses are paid for. One of the houses will be sold. Will this transaction
when filed with Recorders office change the Title.
How do we handle the Insurance, Taxes.
Houses are paid for. One of the houses will be sold. Will this transaction
when filed with Recorders office change the Title.
How do we handle the Insurance, Taxes.
Welcome joz,
If there is a change in property ownership and a new deed is signed, then it needs to be recorded at the county recorder's office. Once the property is divided, both the properties will have their separate property taxes and insurances.
If there is a change in property ownership and a new deed is signed, then it needs to be recorded at the county recorder's office. Once the property is divided, both the properties will have their separate property taxes and insurances.