How to Transfer Deed of House

To transfer deed of house, you have several options. A deed is a real estate document that outlines the ownership of a property, and transferring property from one person to another simply requires a certain type of deed. Transferring that deed signifies a change of ownership and is legally binding.

The Transfer Process
A deed is drawn up, outlining the new owner of the property. The property deed can then be delivered to the new owner via certified mail, hand delivery or other method. Technically, once the recipient accepts the deed, the transfer is complete. However, in order to record that the transfer has taken place, the transfer must be recorded with the county where the property is located. The recorded deed is then part of the public record, and details such as the previous owner, current owner, cost of the property and when the transfer took place is open to review. There are also differences between states on how titles are transferred.

Conditions For Transferring A Deed
There are certain conditions in which a property owner can transfer the deed of a house, and other conditions in which it is not allowed. Many business owners who have a high liability with their job, such as doctors or lawyers, will transfer home deeds into a spouse's name to protect the home from any future lawsuits. However, if the property owner is facing a lawsuit or is already in a lawsuit, a deed transfer to a spouse will not hold up, and the court will reverse the deed transfer.

Another example of an appropriate transfer is a senior homeowner who wishes to transfer the deed of his home to his adult child. However, if there are any claims by the state for Medicare with the original homeowner, the state can place a lien on the home to recover some of the cost, as long as the deeds transfer happened within five years of the benefits distribution. Many people do this type of transfer to avoid long and expensive probate processes when the original property owner dies.

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