I recently purchased a home ( Pineallas county Florida) and I own a home in Martin county Florida that I am renting out.
My daughter is living with me in the new property in Pineallas county and is paying the mortgage
while I am paying all the utilities
and refurbication of the property ( approx 50-80K).
I have owned the property in Martin County for over 20 years, and do not want to sell it and I do not want to loose the Homestead
exemption I have on it. I cannot obtain "TWO" homestead exemptions ( one for each property).
How can I "LEGALLY" add my daughter to the Pineallas county property so "SHE" can obtain / apply for the Homestead exemption ( since she is technically paying the mortgage), and in the event anything happened to me,, she automatically becomes the property ower.
I recently retired and want to insure this is taken care of.
Quick Claim ? Quit claim ? not sure ....