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Subject:
Quick claim deed and homesteading.
Category: Family and Home > Home Asked by: deborah1010-ga List Price: $25.00 |
Posted:
04 Dec 2005 12:45 PST
Expires: 03 Jan 2006 12:45 PST Question ID: 601332 |
For 26 years my sister and her husband and myself have lived in a duplex. I have paid for half the mortgage, but I do not have my name on anything that designates me as part owner. The house has always been in their name only. So would a quick claim deed be something I should persue? The house has been refinanced but only in their name. Also after claiming homesteading all these years, she has been informed that because it is considerd part rental property,and not her sole residence, she can't claim homesteading any more. So what do I need to have some claim to this property, and then can we both claim homesteading? |
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There is no answer at this time. |
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Subject:
Re: Quick claim deed and homesteading.
From: myoarin-ga on 04 Dec 2005 13:32 PST |
Deborah, This is no legal or professional advice, as you can read in the disclaimer below. A "quitclaim" deed can only be given by someone who is registered as the owner of a property. You could only try to prevail upon your sister and brother-in-law to quitclaim an interest in the property to you. Homesteading: I don't understand how this applies to the property, but if you can tell us in which state it is, perhaps someone can advise you. Good luck, Myoarin |
Subject:
Re: Quick claim deed and homesteading.
From: cynthia-ga on 04 Dec 2005 15:37 PST |
myoarin, Homesteading is only available for a single family dwelling/primary residence. A duplex is considered investment property and since half is "rented" it is disqualified. |
Subject:
Re: Quick claim deed and homesteading.
From: markvmd-ga on 04 Dec 2005 16:32 PST |
On the surface it looks like you've been paying rent for 26 years. The question becomes how will you convince folks that you haven't been? Real estate transactions cannot be made based on verbal contracts anywhere that I am aware of. |
Subject:
Re: Quick claim deed and homesteading.
From: myoarin-ga on 04 Dec 2005 16:43 PST |
Cynthia, Thanks. I have some antiquated idea that homesteding has to do with taking possession of govt. property and no relation to registered parcels. But don't trouble to enlighten me. Myoarin |
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