this would be my 2nd dilemma, my father passed, the house is in all 5 of us childrens names. i am in bad credit card debt, i am afraid the credit card companies will take my share, the house is up for sale for 2 years now. i need to get my name off the title & i only trust my sister. so how do i "give " her my share legally.
thank you guys so much for your advice it really helps.
Debbie
2007-03-20 09:12:59 · 5 answers · asked by debbie111 3 in Business & Finance ➔ Renting & Real Estate
All you need to do is "quit claim" your share of the property to your sister. This is done by a simple one page deed which is signed by you and notarized.
2007-03-20 09:20:56 · answer #1 · answered by cinderella2121 1 · 0⤊ 0⤋
Quit claim your interest (via a title company) to your sister.
Make sure that you are clear with the title company that your sister should own 2/5ths interest and your other siblings each 1/5--- they may simply take you off title and then it would be as if each sibling had 1/4 interest.
2007-03-20 09:54:50 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Have a quit claim deed prepared and executed in the county where the house is. A title company will do all of this for about $100.
2007-03-20 09:21:02 · answer #3 · answered by golferwhoworks 7 · 0⤊ 0⤋
You best bet is to consult a lawyer or have your sister consult one. My mom was running into the same thing when my father was sick, she wanted to get him off of the deed and title. One thing that I remember her saying was that your name stays involved with things like that for I think up to 5 years and if they research your past they will find it.
Good luck
2007-03-20 09:27:04 · answer #4 · answered by Important 4 · 0⤊ 0⤋
I am not a lawyer but you can hire one to do a simple quit claim deed and sign your share over to your sister. Or you can "sell" your half to her for a small amount of money.
2007-03-20 09:21:03 · answer #5 · answered by meridocbrandybuck 4 · 0⤊ 0⤋