Legal Question in Real Estate Law in Arizona
Title Deed
my significant other just purchased a home. I need to know what form to use to be added to the title. I've called several places no one seems to know the exact form I need.
2 Answers from Attorneys
Re: Title Deed
Your significant other (SO) will have to sign, deliver and record a deed. The type and form of the deed depend on what you both are trying to accomplish.
Assuming there is a loan on this property, you may not be able to do this without approval from the bank.
If you want this done right, you should both see separate lawyers. Tell the lawyers what you want to accomplish and let them figure out the best way to accomplish your goal.
Or, you could just whip up a deed on your own, cross your fingers, and record it. Sometimes that works. Usually it backfires terribly and ends up in costly litigation.
Re: Title Deed
Your significant other can add you to the title by the use of a quit claim or a warranty deed, however, this should not be done without good legal advice first. Since you are not married, and you are making changes to the title immediately after the purchase, questions are raised about what you are trying to accomplish and the best way to do it. It is very important that you and your significant other have an agreement in writing regarding ownership and responsibility for the home and what would happen in the case of accident, illness, financial disaster and break up of the relationship. If you take action without legal advice and a proper agreement, the consequences could be very expensive and you may be left unprotected.