Several years ago my hubby and I decided to refinance our house. At the time I had been recently laid off from my job (I'm working now) and our broker discovered that we would get a better re-fi if the loan was only in my hubby's name. But, that meant that my name would be removed from the deed. She said that later, I could get a new deed made up with my name back on.
This has bugged me for a long time now - cause technically I don't own my house. The worse part about it is that 100% of the down payment from for house (300K) came from the sale of my old house that I owned before I even met my hubby (we've been married 5 years now)
The question - where/how do we get the deed fixed to add me back on? I can't go back to the original broker, she's no longer in the area. Oh - and we don't want to re-fi again cause our current loan rate is FAR lower than anything we can get right now.
2006-08-25 05:56:22 · 5 answers · asked by suzieq 4 in Business & Finance ➔ Renting & Real Estate
I know that it's really just a matter of filling out a "Quit Claim Deed" form. But...then what do you do with this form? AND where do you get it to begin with. I would think an attorney for this would be somewhat like hiring an attorney to register a car - overkill!
2006-08-25 06:27:24 · update #1
If you live in an "escrow state", such as California, any escrow office can handle this for you for under $100. Look in the Yellow Pages under "escrow" and make some calls to get the best price. If you don't live in an escrow state, follow the same procedure with a Title company instead.
2006-08-25 06:57:35 · answer #1 · answered by answermann 3 · 0⤊ 0⤋
Really simple. Go to a real estate attorney, and what they'll do is have your husband be the grantor (the person "selling" or in your case giving the property) and then you AND your husband be the Grantee. (the person/persons receiving the property.) A new deed will be drawn up, with your husband conveying the land from him alone to him and you. It's really really simple. Good luck. You shouldn't have to re-fi or anything like that, just add your name to the deed.
2006-08-25 13:05:24 · answer #2 · answered by little_beth85 3 · 0⤊ 0⤋
If you live in a Lien Theory state you own half automatically (along with 1/2 of the debt) if you live in Torrance Theory state you do not. If you need a new deed you will need a warranty deed from your husband to you and your husband with the language subject to the existing mortgage cite the book and page where the mortgage is recorded.
2006-08-25 13:31:36 · answer #3 · answered by newmexicorealestateforms 6 · 0⤊ 0⤋
You'll have to do a quit claim deed, and your hubby will quit claim his interest to you AND HIMSELF...that way you both are the new owners.
2006-08-25 13:23:57 · answer #4 · answered by Anonymous · 0⤊ 0⤋
hire an attorney to draw up a new deed.
2006-08-25 12:58:45 · answer #5 · answered by badotisthecat 5 · 0⤊ 0⤋