Posted on: 13th Oct, 2008 01:57 pm
I BOUGHT A CONDO FOR MY MIL WITH A 100K DP. SHE PUT UP ABOUT 40K. SHE IS PAYING RENT BUT THAT GOES TOWARD THE MTG ETC. THE TITLE AND LOAN ARE IN HER NAME. SHE IS GOING TO CONVEY ME MY 70% INTEREST. THE LOAN /MTG WILL CONTINUE TO BE IN HER NAME..
WHAT IS THE BEST FORM OF CONVEYANCE, TD, QC OR GRANT DEED. THANK YOU.
WHAT IS THE BEST FORM OF CONVEYANCE, TD, QC OR GRANT DEED. THANK YOU.
Hi westernlegal!
As you want to keep the mortgage and the title of the property in her name and only want to get the ownership of the 70% of the property, then a quitclaim deed will be best suited for you. It is the easiest way to transfer the ownership of the property.
Thanks.
As you want to keep the mortgage and the title of the property in her name and only want to get the ownership of the 70% of the property, then a quitclaim deed will be best suited for you. It is the easiest way to transfer the ownership of the property.
Thanks.
i want to print out a (return for transfersof interest in real property