Posted on: 27th Apr, 2010 07:13 am
Hi,
My wife's mother put a property in my wife's name a number of years ago and now wants the property to be in her own name. Is a quitclaim deed the proper way to do this? My mother-in-law currently occupies the house (if that matters). We really don't want the house in our name so we're really just looking for the easiest way to transfer the house to her.
Thanks!
Scott
My wife's mother put a property in my wife's name a number of years ago and now wants the property to be in her own name. Is a quitclaim deed the proper way to do this? My mother-in-law currently occupies the house (if that matters). We really don't want the house in our name so we're really just looking for the easiest way to transfer the house to her.
Thanks!
Scott
Hi scottinmemphis,
Your wife can sign a quit claim deed and transfer the property to her mother. After she signs the deed, her mother should notarize it and record the deed at the county recorder's office.
Thanks
Your wife can sign a quit claim deed and transfer the property to her mother. After she signs the deed, her mother should notarize it and record the deed at the county recorder's office.
Thanks
James - thanks for the reply. Will there be tax implications for either my wife or her mother?
Hi scottinmemphis!
Welcome to the forums!
While your wife transfers the property to her mother, she will be liable for paying the stamp doc fees, deed recording fees, etc.
Sussane
Welcome to the forums!
While your wife transfers the property to her mother, she will be liable for paying the stamp doc fees, deed recording fees, etc.
Sussane