Can You Transfer The Title Of Your Property To Your Children | #LoanwithJen #transfertitle

Can you transfer the title of your property to your children? So there are two different answers. One, if you own your property free and clear, you're yes, you can do it. We recommend getting a real estate attorney who knows the ins and outs of which property forms to file with the state. They need to be recorded. And again, if you own the property free and clear, you are able to do that. There's nothing hindering you from doing that. However, if you have a loan on the property, you definitely cannot transfer the title to anyone else without the lender's permission.

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Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

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[rickysiebert]

It’s a shame ordinary people can’t make decisions about their own lives without attorneys.

[gendoll]

My dad is so scared he’s going to pass away before his house is paid off. He has about 5 years of payments left and he always brings up his concerns with him passing away and the owner (personal loan through the owner who has a business selling houses) taking the house back when he’s spent almost $100k in interest alone over the last 15 years when the original cost of the home was only $90k (yea, crazy!). We don’t know what to do, but I’m hoping to be able to hire an attorney (at a reasonable cost) to help us create a will or a trust or something so he can rest easy.

[shadowdemon]

All very interesting information. But I have yet to find a video that fits my circumstances. My dad bought a home for me (he has amazing credit) and would pay him, which I've been doing now for 14yrs. At the end of this year the loan is paid off. And he (and in theory i) should own the home outright. Now we're stuck as to what to do next. I bought the house in California originally for $90k. Now its worth around $250k, and the taxes alone would be brutal 😮

[racurv]

My mom owns her home, but would like me to have her house when she passes away. Is a real estate attorney necessary?

[diamond]

What happens to the Quit Claim deed if it is never executed and the seller dies?
How do the buyer get found out that they are using the sellers disabled benefits on the property tax?

[jessicavillalba]

I was told to work on a TODD. I just can't remember how exactly it works. Do you have a video on it?

[fraiser]

Can the person that’s receiving the house have debt themselves?

Back ground check !?

[slikrik]

I'm in Texas
how can i leave my home to my daughter to avoid probate and her paying capital gains tax

[raphaelnunez]

Can my father give me land to build a home there? Without paying taxes?