Posted on: 11th Sep, 2009 08:37 pm
Hello,
My friend who is a citizen of Russia purchased a home and a piece of land in Texas. However, he put his friend on the title. Now since he is not getting younger he wants to change the title to his name.
What would be the most sufficient and cheap way to do it? Thank you for your help.
My friend who is a citizen of Russia purchased a home and a piece of land in Texas. However, he put his friend on the title. Now since he is not getting younger he wants to change the title to his name.
What would be the most sufficient and cheap way to do it? Thank you for your help.
His friend can do a a quit claim and transfer the property
Would he need a lawyer to do it or we can just do it at the Title company? Also, will he have to pay any taxes, transfer fees, etc? Thanks
You do not need an attorney and there may be some nominal fee.
You need to register this in the county office
You need to register this in the county office
Your friend will need tonotarize it and recordat the county.
my mistake earlier
my mistake earlier
sunnyca,
thank you for all your info.
i am not a specialist in this area, so forgive me if i am asking again.
earlier mistake you mean that no quit claim deed can be used in this situation. and if not, what deed should we use? and what needs to be notarized? thank you
thank you for all your info.
i am not a specialist in this area, so forgive me if i am asking again.
earlier mistake you mean that no quit claim deed can be used in this situation. and if not, what deed should we use? and what needs to be notarized? thank you
Sorry for the confusion.
YOur friend can do quit claim to yoru second frind and they need to notarize it and later that need to recorded in the county office
We are here to help and share knowledge
YOur friend can do quit claim to yoru second frind and they need to notarize it and later that need to recorded in the county office
We are here to help and share knowledge
Thank you, Sunnyca.
No problem
Good luck
Good luck
Hi atovarov!
Welcome to forums!
Your friend can do it yourself but it is always better to consult an attorney and get the quitclaim deed drafted by him. Yes, your friend will be liable for the transfer taxes, deed recording fees etc.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Your friend can do it yourself but it is always better to consult an attorney and get the quitclaim deed drafted by him. Yes, your friend will be liable for the transfer taxes, deed recording fees etc.
Feel free to ask if you've further queries.
Sussane
As suggested by Smithsussane you have to consult attorneyto get quitclam deed.
atovarov
Attorney is required as he can guide in preparing quit claim deed. ensure that
your name is mentioned as grantee
your friend is signing as grantor.
deed is notarized in country office.
i have one query.
Have you/ your friend taken any mortgage for purchasing the property?
Attorney is required as he can guide in preparing quit claim deed. ensure that
your name is mentioned as grantee
your friend is signing as grantor.
deed is notarized in country office.
i have one query.
Have you/ your friend taken any mortgage for purchasing the property?
No, the properties are completely paid out which I hope makes the deal easier.
If there isnot loan involved this will mkae really easy
Hi atovarov,
If the property is free and clear, then a simple quitclaim deed can help you in transferring the property. You can use the sample quitclaim deed forms in order to transfer the property if you do not want to consult an attorney.
If the property is free and clear, then a simple quitclaim deed can help you in transferring the property. You can use the sample quitclaim deed forms in order to transfer the property if you do not want to consult an attorney.
Adonis, thank you.
I already checked out that blog but oddly enough nobody posted a sample of a quit claim deed for Texas which is where the properties are.
Also, Adonis, do you know what my friend will have to pay to complete the transaction? Any transfer fees or taxes? people here did tell me he would have to pay but nobody seems to know exactly how it is calculated. Thanks
I already checked out that blog but oddly enough nobody posted a sample of a quit claim deed for Texas which is where the properties are.
Also, Adonis, do you know what my friend will have to pay to complete the transaction? Any transfer fees or taxes? people here did tell me he would have to pay but nobody seems to know exactly how it is calculated. Thanks