Legal Question in Real Estate Law in Kansas
home transference
I want to pay off my house and put it in my son's name. What is involved in doing so?
Asked on 7/04/07, 12:43 pm
1 Answer from Attorneys
Anthony Smith
LawSmith
Re: home transference
Paying off your loan is simple. Ask your lender for a "net payoff." This will be a letter that tells you what the exact remaining amount will be on a certain date. Pay that amount by the date listed.
As to transferring title, it is just a little more comlicated. Once you have paid off your house, push the lender to file a "Release" with the County Recorder. Once that is done, you may transfer the house to your son by quitcalim deed or warranty deed. Once he records that with the county recorder, the house is his.
Good Luck
Answered on 7/12/07, 4:36 pm