Profile picture for Vociferous

What is best way to transfer title/deed to a relative?

Bought home in May,2012 with intention to transfer house to nephew when he would be available.
  • August 06 2012 - New Port Richey
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Answers (5)

Profile picture for sunnyview
You should not transfer the house without getting simple legal advice and talking to a title company. Although a quit claim can be an easy way to change the names on the title, that does not protect your credit or your nephew if there is a mortgage or undiscovered liens against the property.
  • August 07 2012
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I agree with Judith below.  Your title company is your friend.
  • August 07 2012
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Hello,

Title transfers potentially have various liabilities (tax, personal, etc) and a long life.While most people don't like to hear this, my best advise is to talk to both a CPA and a real estate attorney before you do any transfer.
  • August 07 2012
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If you have a mortgage on the home, you will need to contact your lender to find out if you have the option to transfer or assign the mortgage to a relative.

 If you don't have a mortgage, you can do a quit claim. A title company can help you with this. You can also get pre-made quit claim deeds at your local office supply store and record that with the county where the property is located. 
  • August 06 2012
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Profile picture for Staack Realty Group
Contact a local title company and tell them you'd like to do a "quitclaim" deed to your nephew. We're in Pinellas County, so you definitely want to contact a Pasco county title company. Perhaps one of my contacts might know of a good title company in your area. Let me know if I can be of help!
  • August 06 2012
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