Legal Question in Real Estate Law in Pennsylvania
Adding Name to Deed
When a couple live together and decide to get married, and the deed to the real estate is in only one name, what costs are involved in adding the name of the spouse to the deed?
1 Answer from Attorneys
Re: Adding Name to Deed
It is a simple process. There is no transfer tax. A deed can be prepared very simply at a minimum cost. However, you might want to check with the existing mortgage company to see if they object. Under most mortgages a transfer gives the mortgage company the right to call the loan if done without their permission. The cost to prepare the deed should be no more than $125. A copy of the original deed with the filing information is required. I would be happy to handle this matter for you. There are filing cost that will be incurred as an additional cost. Gerald Hershenson Esq. 215-579-9390
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