Posted on: 13th Oct, 2008 05:09 pm
My mother passed away in 2004 My grandmother and my mothers names were on the deed. After my mothers passing my grandmother sold the property to my cousin. He is worried that my mothers heirs would try to lay claims on the home one of these days so he is asking all her hairs to sign a quick claim deed. However when reading the quick claim it states that I need to atleast put $10.00 in the selling price. I do not want to do this because there was no money exchange between my cousin and my siblings. My cousin is just wanting a letter stating we have no claims to the property and never will. Is a quick claim deed how we need to do this or is there another form we can provide just stating we have no interest in that property and never will
Hi robyn!
Welcome to forums!
You will have to sign a quitclaim deed to show that you have no interest in the property and never will have any interest. The $10.00 amount that you are speaking about may be the amount charged for stamp docs.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
You will have to sign a quitclaim deed to show that you have no interest in the property and never will have any interest. The $10.00 amount that you are speaking about may be the amount charged for stamp docs.
Feel free to ask if you have further queries.
Sussane
Hi robyn!
Yes, it may be the charges of the stamp docs that is mentioned in the deed. You can also ask the lawyer who is helping you to do the paperwork.
Thanks.
Yes, it may be the charges of the stamp docs that is mentioned in the deed. You can also ask the lawyer who is helping you to do the paperwork.
Thanks.
Are you really worried about $10.00??? Consideration is a requirement of any deed - $10.00 is a pretty stardard number shown on many quit claim deeds (it could just as easily be $1.00 or $100.00). This is more formality than anything else, it doesn't mean you have to pony up $10.00. As mentioned previously, there will be a charge to record the deed though.
A quitclaim deed is the proper deed to give up any claim you might have as an heir.
Consideration is generally not a requirement for a deed. However, some local jurisdictions may require it, which is why it appears in deed forms. The $10 term is just boilerplate and is usually not actually paid. If you have any doubts, just cross it out.
Consideration is generally not a requirement for a deed. However, some local jurisdictions may require it, which is why it appears in deed forms. The $10 term is just boilerplate and is usually not actually paid. If you have any doubts, just cross it out.
A warranty Deed was placed in both mine and my sister's name in 2005 to protect our father's asess who still reside there. Home is paid off. My sister also have property in her name elsewhere. She lost her job and haven't paid taxes at that property. With her name on the property and deed with me, will this property be at risk of losing? Will a quick claim be the answer removing her name on this deed and property to protect our father's assess?
Hi Denise,
If your sister defaults on the other property she has, that property will be foreclosed. I don't think it will put your father's property at stake. However, if you have doubts, you can simply ask her to quitclaim her share to you. That will take her name off the title and protect your father's assets.
If your sister defaults on the other property she has, that property will be foreclosed. I don't think it will put your father's property at stake. However, if you have doubts, you can simply ask her to quitclaim her share to you. That will take her name off the title and protect your father's assets.