Legal Question in Real Estate Law in Oregon
documents for transferring ownership of real estate
I am trying to find out what type of deed and any other documents that might be needed to give my portion of jointly owned real estate (3 siblings inherited property from father) to a third party. I have signed a deed of trust allowing one of the siblings to take out a line of credit on the property, but am not an applicant on the loan. Also wondering if siblings need to sign any of the documents? Any advice is much appreciated.
1 Answer from Attorneys
Re: documents for transferring ownership of real estate
An attorney who handles real property law and title matters should review this particular deed of trust
which sounds as if you may have already conveyed away a share of your interest in this property to one of these siblings, and who should be able to advise you on the appropriateness of this particular instrument as well as any others such as a quitclaim deed which may be suitable to be utilized to accomplish your objectives in this situation.