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Buying or Selling a Home/NAME ON HOUSE
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Question
In a separation, if two names are on a house and both parties agree to transfer the name to one of them, how can this be done at a reasonable expense?
Ho,e is only 1 year old, remaining party wishes to sell.
Dear Carla;
You need to fill out a document that is called different names (depending upon where you live) but basically it is a 'quit claim' deed that is signed by the one party stating that they give up any claim to the property. You can also do this by changing title or transferring title. You should notify the lender that holds the mortgage of your intent and get the paperwork from an attorney then have it recorded in the county in which the home is located. An attorney will tell you if there is access to a quit claim in your state. If so, that is the easiest and least expensive way to do this.
~Jessica Bryan
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Jessica Bryan
Expertise
buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.
Experience
Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.
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