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Archive for the ‘Quit Claim Deed’ Category

Two and a half years ago a family member convinced my husband and I to “take over payments” on their house.Family arguements have us concerned that we don’t really have any claim on this property. Now we would like to get it in our name. A finance company said that they do not usually finance such small amount only owe for about 5 1/2 years. (Would hate to get it so close to paid and family member tell us “Thank You, Bye Bye!” ) Do not have a lot of money to work with. They recommended a quit claim deed and then financing in our own name. If I can get family member to sign quit claim, will the current mortgage company have a problem with this? They get a check from ME each month! A little confused about options and how real etate works. I would really appreciate any advice (besides my Mom’s “don’t do business with family”)! Thanks so much in advance!

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I am in the process of buying out my brother through a quit-claim deed. Just curious as to how I can get out of re-assessing my property taxes.

The house was purchased in 1999, so the value is substantially less than it is now.

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I need to transfer property to my daughter. I’ve gotten some really great advice here regarding to this issue. But could someone clarify
1. the difference between a grant deed transfer vs. quit claim. What are the advantages of one vs. the other.
2. Will my property be re-assessed for its property value once it’s transfered to a different person? Is there anyway to avoid reassessment?
3. Still mortgaging; so should I use the grant deed transfer forms or quit claim deed? Which is better in this case?

Thanks in advance.

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Can some please explain what the down side is for a real estate purchase that will be done through a Quit Claim deed in the state of Georga? Is there any problem I may be exposed to in this transaction?
Please advice

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My friend wants to take over ownership of the house she now resides in from her grandmother who inherited the property from her mother. My friend has paid the inheritance tax in full and now wants to start the process of quit claim deed, should she wait to hear from harrisburg or can the process be started? Lives in philadelphia, pa.

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I have been divorced from for 5 years. Currently he is living in Florida and I live in Chicago. Now, the house was given to me after divorce as stated on the divorce decree. He signed the quit claim deed to me, but the notary commissioner’s seal expired before I could get it recorded at the county clerk’s office. Do I have to get it signed by him again or do I have to look for attorney? I have also heard that I can approach the court for the judge to sign the house to me. Is it true? What is the process and do I take an order to get the hearing?

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What if there is no money involved?

Example : If a relative wanted to use a quit claim deed to gift a piece of property to a family member, would they have to pay gift taxes?
Damn….I’m trying to get around these stupid taxes….I’m probably just s.o.l.

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I am co-owner of a home in CA with my sister, and am attempting to turn it over to her using a quit claim deed. Are there tax consequences for me? The home was originally purchased for about 300K and is now valued around 600K.

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My friend is buying a house from a woman whose Mother is in a nursing home. She has power of attorney. Can she fill out a quit claim deed and sell the property? Will it be binding?

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I am doing Genalogical research on my family. I am trying to assertain chain of ownership of land that has been in my family for years. I have found a Quit Claim deed but it does not show who owned the property in the past.

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