Real Estate Law
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You would need to be on title to take out a reverse mortgage.
1. I just need to have my name put on the deed; not change ownership; is a quick claim deed the best way?
Actually, since you are not on the title your father would add your name to the title by using a quit claim deed. 2. Is there another way to have my name added to the deed besides quick claim? The only way to transfer or add an owner to real property is with a deed.
3. What is the best way to have my name added to the deed? Your father would sign a quit claim deed.
Yes the quit claim deed is the best way to transfer the property and is customary.
This link sets out information on quit claim deeds in Georgia and also provides forms http://www.quitclaimdeed.com/georgia/
Please have an attorney prepare one for you so that you can have the property pass to you directly rather then going through the probate. Where in Georgia are you located so I can provide a link for Attorneys in your area that provide FREE consultations?
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I read the information above and everything is correct.
I do have three questions that may help clarify things a bit:
Is your father still living, or is he deceased?
If he is still living, do you intend to own the property together, or is he transfering it to you alone?
If he is still living, is it your intent to transfer the property now (preferable), or are you trying to transfer the property upon his death (much harder if you plan to do it using a deed - really not a legally enforceable method, you would need a trust or will)?
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Since the goal is for you to get on title now and then be the sole owner after your father dies and avoid the house going through probate at his death, your father needs to sign and record a quit claim deed where he "quit claims" an undivided one half interest in the property each to you and him " for love and affection as joint tenants with right of survivorship and not as tenants in common". You don't need a lawyer to draft up the deed, but a lawyer would only charge around $150 to create the deed. Then the deed must be recorded with the county recorder's office int he county where the property is located. If you tell the county I can look up what the recording fees would be.