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The transfer of the property is usually in the form of a donation (a gift) or the sale of the property to the child. A written contract must be entered into between the parent and child. The following should be carefully considered and the advice of an expert should be obtained.
Property ownership is transferred through deeds. As a homeowner, you have the ability to execute a quitclaim deed to change ownership, and you dont need to refinance the mortgage loan to file a quitclaim deed. Filing a quitclaim deed will change only the propertys ownership and title, not anything regarding the loan.
You will need to have the quitclaim deed docHubd with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.
Fees in New Castle County are $13.00 per page and $3.00 for each parcel description. There is also a $30.00 document fee and another $5.00 technology fee for each document as well. Deeds in Sussex County are a $30.00 document surcharge fee, $9.00 per page fee, plus a maintenance fee of $1.00 per document.
Yes you can. This is called a transfer of equity but you will need the permission of your lender.
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The Process of Transferring Property Identify the recipient or donee. Discuss the terms and conditions of the transfer with that person. Complete a change of ownership form. Change the title on the deed. Hire a real estate attorney to prepare the deed. docHub and file the deed.
A Delaware special warranty deed is used to transfer land and buildings to another person or entity. It does not guarantee that there is clean title going back past the current owners only that the current owners have not transferred their interest in the property to anyone or otherwise encumbered the property.
The only way to forcibly change the ownership status is through a legal action and the resultant court order. However, if an owner chooses to be removed from the deed, it is simply a matter of preparing a new deed transferring that owners interest in the property.

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