Quit Claim Deed and mortgage responsibility
My mother has just been diagnosed with Leukemia. She is afraid she may wind up in a nursing home or pass away in the next few years. She wants to execute a Quit Claim Deed of her personal home to me (not joint with her). When she passes away, would this home be involved in any probate since I would be the only one on the deed then?; 2) If a deed is placed in my name, does it affect my income taxes in any way?; 3) since the mortgage is still in her name, will I be responsible for the mortgage when she passes or will the mortgage company require me to be on the mortgage note now if I am the only one on the deed?; 4) will my name on the deed affect my credit as showing more ownership than I can financially afford?; 5)since I am married, would my husband have to be on the deed as well?
Tag Archives: Florida
quit claim deeds can a notary also sign as a witness?
quit claim deeds
can a notary also sign as a witness?
Pre-divorce mortgages and responsibilities My husband is getting a mortgage to…
Pre-divorce mortgages and responsibilities
My husband is getting a mortgage to pay off my half of farm. I am to sign a quit claim at the closing of this loan today. We are not divorced yet, in fact things are very amicable. Yet I am concerned that I may be responsible for this loan, even if my name is not on the mortgage. If he defaults, can the mortgage company go after me or my credit?
Quit Claim Deed My mother signed a Quit Claim Deed signing over 1/4 of her…
Quit Claim Deed
My mother signed a Quit Claim Deed signing over 1/4 of her property to myself and 2 siblings. This was done through an attorney 3 years ago. Now my mother is wanting back all of her interest in the property which has no mortgage.
Can she legally make me sign it back over or can I refuse and keep my 1/4 share?
Quit claim transfer My exhusband signed his property over to me through a quit…
Quit claim transfer
My exhusband signed his property over to me through a quit claim deed. How do I obtain the title to the property?