Legal Question in Real Estate Law in Minnesota
real estate: assumption of property
I am assuming the property from my co- owner. I need to request a new/change of name on the Recorded Warrenty Deed. The County Clerks office told me to have a letter submitted to them, but will not tell me what to include in the letter to have it changed and that I need to hire an attorney to do this. What do I need to do? and could you give me the information to include in the letter?
2 Answers from Attorneys
Re: real estate: assumption of property
Conveyance of an ownership interest cannot be accomplished with a letter. You will need a deed prepared that conveys the entire fee simple interest of the property to the one owner.
Re: real estate: assumption of property
You may have more issues, involving lenders, but simply deleting your co-owners name from the title is generally done by having the co-owner sign a deed and recording it. It would be prudent to also check your co-owner for judgments and tax liens.
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