Real Estate and Home Mortgages - Revise quick claim deed
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StanleySmith
03-21-08, 01:44 PM
Hi all,
I made a silly mistake and I don't know how to recover from it. I was helping my parents to quick claim the house into them and myself. I ended up quick claim to myself only. Now I heard the city and county tax on the house are going to go up. I think I need to do another (new) quick claim deed that quick claim the house back to myself and my parents. Is this the only way or is there a so called revision-to-quick-claim- deed form I can use ? Is it true the taxes are going to go up if I don't make the correction ?
Thanks,
I made a silly mistake and I don't know how to recover from it. I was helping my parents to quick claim the house into them and myself. I ended up quick claim to myself only. Now I heard the city and county tax on the house are going to go up. I think I need to do another (new) quick claim deed that quick claim the house back to myself and my parents. Is this the only way or is there a so called revision-to-quick-claim- deed form I can use ? Is it true the taxes are going to go up if I don't make the correction ?
Thanks,
Guinness0052
04-20-08, 10:05 AM
Ya.
Do another Quit Claim Deed. That solves the problem.
>>>> Do you parents own the home free and clear. Meaning NO mortgages attached????
If they do NOT have any mortgages or HELOCs...you/they can do as many quit claim deed as you want.
if there are liens on the property.....you can NOT.
See the other threads I have answered today on "Title" issues.
Do another Quit Claim Deed. That solves the problem.
>>>> Do you parents own the home free and clear. Meaning NO mortgages attached????
If they do NOT have any mortgages or HELOCs...you/they can do as many quit claim deed as you want.
if there are liens on the property.....you can NOT.
See the other threads I have answered today on "Title" issues.
djcheez
04-27-08, 07:09 PM
you can quit claim in some states whether the home has a lien or not. Check with local title co for answers
The whole tax issue depends also on your state laws also.
The whole tax issue depends also on your state laws also.