In California, to transfer real estate to a living trust, what deed to use and what cost to do it?

Question

Should I use a Grant, QuitClaim or Trust Transfer Deed?
Where can I get them on the web for free?

Many thanks!

Answer 1

If there is then it will trigger the due on sale clause in the deed of trust.

The above statement is true. Call your lender and tell them you are transferring the property into a living trust. They will tell you that's no problem just pay us the money first and then transfer all day long. If they find out that you are in a trust after the fact, they will call the loan due immediately.

I have worked with people who wanted to refi property in a trust. The lender made them take it out of the trust to refi. If they want to sneak it back in afterward that's up to them. But since it makes it hard for the lender to foreclose on the trust they disallow such maneuvers.

Answer 2

You may do this one of two ways, find a notary get a quit claim deed and sign it in front of the notary transferring the property to the trust. You then need to take the notarized deed to the county recorder's office for recording. This is inexpensive and very legal.
Cost approximately $50.00 to $75.00

The best way to accomplish the same thing is to look in your local telephone book, find a title company, or look at your last refinance and use the last title company you had that closed your last transaction.

They will set up an appointment for you and whom ever else to come into the office, sign the necessary deeds utilizing their notary after which they will do the recording and send you a copy through the mail.

This method cost a bit more but is well worth the service in the long run. Cost approximately $125.00 to $150.00. Call in advance to verify the cost.

For this type of transfer you need not concern yourself with a due on sale clause in any contract you have signed. The other person is having a bad day.

I hope this has been of some help to you, good luck.

"FIGHT ON"

Answer 3

Quit claim should do it so long as there is no mortgage currently on the property. If there is then it will trigger the due on sale clause in the deed of trust. Just a filing fee of 10-100 max