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Buying or Selling a Home/Adding name to deed in California
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Question
What would happen if I add my partner/fiance on the deed to my condo located in California- would there be any penalty and/or reassessment because of it? Also, when is a good time to do this - I'm thinking of refinancing and thought this would be a good time to do this?
Probably the best time to add your fiance to the title of the condo would be when you actually refinance it. It'll save some costs, too. Be aware, Maria, that there should be no penalty for doing this before you refinance, but because I receive so many questions from owners asking how to divide or take one person off the title, please be aware separating your interests later on can be a big hassle. The most ideal time to add your fiance to title is when you are actually married. Nice and clean that way. No problems and banks like that. I do wish you well.
Dick Dennis
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Answers by Expert:
- Dick Dennis
- Jessica Bryan
- liznarr
- Hans Weber, Licensed Broker Associate
- Sue Bernstein
- Karyn Foley
- Dottie Worthington
- Jim Root
- Russel Ray
- Connie Wildasinn-Broker,GRI,RealtorŪ
- Todd C. Menard
- Diann Tonnesen
- John Hendricks
- Jay Denit
- Matt Heisler
- Lisa Webber
- John
- Laurie Stephenson
- Marvin G. Bobbitt, III
- Nori J. Muster
- Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO
- CJ Brasiel
- Jeff Kessler
- Kathryn Hisert
- Emily
- Ted Lewis
- Kerrin Kostelic, FL Broker Associate, GRI, AHWD
- Tim Norris
Dick Dennis
Expertise
With more than 41 years as a real estate broker, I can solve most any problem presented. If I can`t, I do my research. Problems with mortgages, trust deeds, foreclosures, odd ways of conveying titles. Most any good Realtor can answer questions satisfactorily, but I answer questions that most cannot. Also, ask about my hard-copy newsletter, The Landed Gentry. It can also be sent to you via PDF.
Experience
Solving real estate problems for 37 years.
Organizations
National Association of Realtors
Publications
Publishes The Landed Gentry, guest writer in Who's Who in Creative Real Estate, First Tuesday, Financial Freedom and many newspapers
Education/Credentials
e-Pro Realtor, Certified Distressed Property Expert, Who's Who in Creative Real Estate
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