Finance For Land Document In Alameda
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FAQ
If you need a copy of the current deed, contact or visit the Alameda County Recorder's Office. Copies of deeds are not available off the internet. There is an online name index.
To add someone to your house title, you must create a new deed that transfers the title of the property to both you and the other person.
Potential for Loss. If the person you add to your property title encounters financial difficulties, such as bankruptcy or divorce, your property could become entangled in their financial problems. This could lead to the forced sale of the property or other legal actions that might not be in your best interest.
Adding a family member to the deed as a joint owner for no consideration is considered a gift of 50% of the property's fair market value for tax purposes. If the value of the gift exceeds the annual exclusion limit ($16,000 for 2022) the donor will need to file a gift tax return (via Form 709) to report the transfer.
Adding A Family Member To A Property Title Choose the most appropriate deed. Prepare the deed. Complete the deed with accurate information about the property and the person being added. Sign the deed in the presence of a notary public. File the deed with the county recorder's office. Update the property records.
