Learn. Share. Connect. (52,363 Members)  - Join
Join Now or Sign In
for Full Access to All Features
Refinance Rates
Purchase Rates
Refinance Rates,
   Product:                      Today       Last Week
Compare rates in your area:
Refinance rates provided by 
Mortgage Rates
Refinance Rates
Purchase Rates
Purchase Rates,
   Product:                      Today       Last Week
Compare rates in your area:
Refinance rates provided by 
Mortgage Rates

Local Professionals
(Change Your Location)

Please add 7 and 8 and type the answer here:
Mortgage Rates
30 Yr FRM 4.83% -0.08%
15 Yr FRM 4.32% -0.04%
1 Yr ARM 4.35% -0.11%
5/1 Yr ARM 4.25% -0.04%
30 YR Tres 4.25% -0.03%
Fed Prime 3.25% 0.00%
 
Q: What is the procedure to transfer a house from one person to another in the same family? what is the documentation involved for the transfer?
  • This is a tricky question because states have their own rules on transferring property (titled ownership) from state to state.  The traditional answer is you would need a quit claim deed completed to transfer the property ownership. This is a simple document, usually a single page, that if filed with the clerk and recorder.

    For example in Colorado it's a one page form listing the property, current owner, new owner, vesting and legal description (plus the necessary legal language). The current owner signs the form (new owner does not) and the signature is notarized. The cost to file the document is $6 and that's it.



    The main question for your state is if there are any transfer fee's to change title. Otherwise the documents required should be a simple quit claim form and you can find those doing a basic google search for your states quit claim forms.


    Answer Submitted on Wed, Dec 10 2008

    Rate this Answer:
    Answer Contributed by: Clem Borkowski
    Clem Borkowski
    Branch Manager

    Providing FHA, Rural Housing, Home Equity Lines and Rehab/Renovation Loans. Your VA Experts. Currently serving Colorado, Utah, Wyoming, Montana, Nebraska, Iowa, Missiouri, Arkansas, Texas, New Mexico, Hawaii, Oklahoma & Indiana.
Submit Answer
This page has been accessed 1,903 times
Have more questions?  Visit our Consumer Forums and discuss your questions with our network of industry professionals.

Important Disclaimer: Questions and answers provided on the Mortgage News Daily Wiki are general information, and are not intended to substitute for informed professional financial, tax, legal, investment, accounting, or other professional advice. Mortgage News Daily does not endorse, and expressly disclaims liability for any product, service or service provider mentioned or any opinion expressed in these questions and answers. Please read carefully the Mortgage News Daily Wiki Disclaimer.