Append Comment Deed For Free

Yes you can. This is called a transfer of equity but you will need the permission of your lender. Please be aware that stamp duty could be payable in certain cases.

Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.

A deed that conveys an interest in your real estate ownership (adds someone on) has the legal effect of giving that additional person the same bundle of rights to which you are entitled. Once the conveyance happens, it cannot be undone except with that other additional owner's consent.

Adding a child's name to a deed gives him or her an ownership interest in your home. As a result, you cannot sell the home or refinance your mortgage without your child's permission. Technically speaking, your child could even sell his or her share of the property without your consent.

The title doesn't have much to do with the mortgage.You can put your spouse on the title without putting them on the mortgage; this would mean that they share ownership of the home but aren't legally responsible for making mortgage payments.

As a homeowner, you have the ability to execute a quitclaim deed to change ownership, and you don't need to refinance the mortgage loan to file a quitclaim deed. Filing a quitclaim deed will change only the property's ownership and title, not anything regarding the loan.

If you are not on the deed and your husband passes, the house would need to go through probate.You can avoid all of that by executing a new joint and survivor deed or he can also execute a transfer on death affidavit that upon his death, the house would pass to you.