Legal Question in Real Estate Law in California

Buying parents house

I have rented a home from my parents for 8 years. They retired and bought a home in Nevada. They want to sell the home to me. They refinanced a year ago and to help me qualify the mortgage agent told them to have me make the payments from my checking account with my name on the check. A year has gone by and now we can't find the agent. Their loan is with Countrywide. An agent at Countrywide has told us to add my name to the Title and then refinance in my name. I have been self-employed for 19 years, wife works, same place for 12 years. Our credit is good although not a lot of it. We own our car, truck, boat, and motorhome.My questions, what form do we use in Los Angeles county to add my name to Title? Does our plan have merit? Thank you.


Asked on 1/26/04, 12:10 am

1 Answer from Attorneys
Benjamin Berger Berger-Harrison, A Professional Corporation

Re: Buying parents house

You can use a quitclaim deed. Your parents, assuming they're the owners of the home, can (by filing a quitclaim deed with the county recorder's office) 'give' the home to themselves and you, making you all owners.

There are some tricky aspects at play when several people are simultaneous owners of real property and you should probably consult with an attorney for some help.

Good luck and feel free to email me with any questions.

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Answered on 1/26/04, 12:19 am


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