Q: Can you transfer your half ownership in a house to the other half owner with a quit claim deed or a title transfer?
In-laws put home in life estate to two sons about 10 years ago. Mom has passed, dad has been in nursing home for a year and will never be able to live on his own again. Husband wants to sell his half of the home to his brother. We need the easiest way to do this, without a realtor if possible.
A:
Yes, you may transfer an interest with a quit claim deed although that might not be the safest way to handle this matter.
Anytime someone is paying money for an interest in property they are well advised to obtain a Warranty Deed and a title insurance policy - even in transactions between family members. You do not need to bring on agents into this transaction. You should contact an attorney to put together the offer, order the title and review the closing documents and deed. This is a very reasonably priced service offered by most real estate attorneys.
Thomas B. Burton and Sarah Lynn Ruffi agree with this answer
A: Yes, you can transfer your half ownership in the house either with a Quit Claim Deed or a Warranty Deed. There will be a transfer fee ($3.00 per $1,000 of value) to be paid, along with the recording fee.
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