Legal Question in Real Estate Law in California
Question about property ownership
If two people are on the mortgage to a property but at present only one is on the title, does the person not on the title legally own it? If not, what steps must be taken to ensure that the person legally owns it?
2 Answers from Attorneys
Re: Question about property ownership
Please contact my office at 714 363 0220 to set up an appointment. I would like to review your written documentation and correspondence. We handle cases throughout California. You should be placed on the title. It is odd that you are on the mortgage but not on title.
Re: Question about property ownership
Only the person on title "legally" owns the property, although the person on the mortgage may have an equitable interest.
The person on title must execute a grant deed granting 50% of the property to the person not on title. This can have some tax impact.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
