You need a quit claim deed, and you can get those at most office supply stores. It might not be a good idea to do this on your own however. There can be issues that arise if the procedure is not done correctly.
In addition, if there is a mortgage on the property, the mortgage will probably come due and need to be paid immediately and in full upon transfer.
2006-08-14 04:00:33
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answer #1
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answered by Mama Pastafarian 7
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I take it this is not between husband and wife. You should be able to use a Deed or Quitclaim Deed. To be safe make sure whomever is signing off, (the person being replaced) signs off exactly the same way they are currently in title. That person would be the Grantor, the new owner would be the Grantee. Check the Deed you received when you went into Title. Should be the same legal description, Assessors Parcel No. that you need to add to this new Deed. This way you can also check the way that the Grantor is in Title.
You can get documents online, Stationery Store or if you live in a State that have Title Companies, they maybe able to give you one.
If you have a Mortgage on your property it is possible that the Lender could call the Note. Meaning they could demand payment in full. However it's unlikely especially if you were the Principal Borrower and you are staying on the Title. You could check to see if your replacement person can Assume the interest of the person whom is leaving the title. They would check their Credit and see if they qualify.
Also you need to realize the Tax Assessor may require a Transfer Tax and re-assess the Property
2006-08-14 16:25:05
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answer #2
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answered by Plain Jane 3
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I think it's called a quit claim deed. Contact a title company, they can help.
2006-08-14 10:59:03
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answer #3
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answered by Stumpy 4
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You can try calling your county clerks office.
2006-08-14 12:34:56
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answer #4
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answered by roeskats 4
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