A deed is a legal document that states who owns a piece of property. We’ve got articles, blog posts, podcasts, and videos with information for your questions about who owns the property, transferring deeds and quit claim deeds.
A homeowner is having trouble demonstrating ownership of his home to address issues with a siding contractor. He has tried to establish that he is on the title of their home with a quitclaim deed. Title insurance could solve this problem and prove that the title was transferred to him as the owner.
What are the differences between a revocable living trust and a life estate deed. Life estates are quite different from a revocable living trust. The trust would name a beneficiary for property and the property would go into the trust. The life estate deed means you're given or sold property but allow someone the right to occupy it while she's still alive.
A couple is concerned about how to protect their investment in a home that both partners pay expenses for but only one partner is on the title. It's a simple process to add a name to a title, but there are more complex issues of a domestic partnership agreement. A domestic partnership agreement would detail how both people hold the title to the home.
If you give your home as a gift to relatives without checking to see if the mortgage loan is assumable, as the former homeowner, you are still responsible for the mortgage. The situation is worse if mortgage is still in your name but the deed is in the name of your relatives. As the former home owner, you are responsible for all the mortgage payments, and need to either refinance the mortgage in your relatives' names, or transfer ownership back to yourself.