How to Sign Over the Title to a House
A quitclaim deed is used by an individual, the grantor, to relinquish his rights to a piece of real estate for which he previously had ownership and transfer them to another individual, the grantee. There are a number of reasons why you might want to sign over the title of your house to another person. Parents occasionally sign over their interest in a piece of property to their children. Couples who are no longer married use a quitclaim deed to transfer full rights to a property to one individual. There are some important things to consider to ensure that a quitclaim deed is the correct choice and that it is executed correctly.
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Instructions
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Have your name taken off the mortgage. Relinquishing your rights to the deed on a property does not remove your obligation to the lender that issued your mortgage. Before you sign a quitclaim deed, make sure the person you are signing the property over to, the grantee, has refinanced the mortgage.
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Have a quitclaim deed prepared by an attorney. You can also use an online form from a reputable source like Legalzoom.com (see Resource). As long as your situation doesn't have any special circumstances, a standard form will be fine.
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Specifically identify the grantor and grantee. Include both parties' permanent residences and relation to each other.
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Clearly describe the property to be transferred. Include the plat number and the address as well as a physical description. Include distinguishing characteristics such as square footage, number of bedrooms and number of baths.
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Include a provision for any consideration that was paid for the deed. This includes monetary consideration or exchange of property. The typical quitclaim deed does not account for monetary or other considerations.
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Sign the document. Only the grantor is required to sign the quitclaim deed. However, it is wise to have it signed by both parties in case of any later dispute.
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Tips & Warnings
Take the completed quitclaim deed to a notary public at the time of signing. Having the document witnessed by a notary will further substantiate its authenticity if any disputes arise later.
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Comments
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Does the quitclaim deed have to be notarized?
