Legal Question in Real Estate Law in New Jersey
deed transfer
my parents want to transfer their house deed into my name how would they go about doing this? there is no mortgage on the house.
Asked on 5/24/05, 9:21 am
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: deed transfer
You do not explain the purpose of the transfer which might have a bearing on a complete answer. They need to do a simple Deed from them to you, but some additional documents are required to be added, before the new Deed can be recorded. I suggest contacting a real estate attorney, like myself, to assist you. The fee is minimal (less than $100), plus recording charges of about another $50. If there is some special reason to do this, contact me directly, as there could be tax ramifications involved.
Answered on 5/24/05, 10:49 am