Posted on: 11th Jan, 2010 07:20 pm
I had my home built in 2007. Recently married to a service connected disable veteran. Was informed by tax assessors office that next year if I quit claim to him we won't have to pay taxes or interest on the real estate or personal property. His credit is strong as well as mine. Recently my mortgage payment has increased drastically. If this is the course we take will the home be solely in his name?
Hi Patrize!
Welcome to forums!
If you are the grantor and write your spouse's name as the sole grantee of the property, then he will become the sole owner of the property. Thus, the property will be solely in his name. If you want both the names to be on the property title, then you will have to mention both the names as the grantee to the property.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you are the grantor and write your spouse's name as the sole grantee of the property, then he will become the sole owner of the property. Thus, the property will be solely in his name. If you want both the names to be on the property title, then you will have to mention both the names as the grantee to the property.
Feel free to ask if you've further queries.
Sussane