Q: Can a transfer of a mortgage free deed contain stipulations to the grantee?
Our mom passed a year ago and had no creditors to pay. Her home is paid off and we (6 children) are deciding to quit claim deed the house over to only one of her children. Is there a type of deed that will guarantee that the property can be reclaimed by the remaining 5 if the 1 grantee defaults in property tax payments? Can we also transfer the deed to include a clause that the home can not be sold?
A: You all need to sit down with a lawyer. If you quit claim you are giving up all rights and responsibilities. You won’t be able to restrict anything.
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