Signing over the title to a home is as simple as preparing and executing a proper deed. Deed requirements vary by state and, in some cases, may vary by local jurisdiction within a state. Ideally, hire a professional who is familiar with local regulations to prepare and record a deed on your behalf.
Hire a local attorney who specializes in real estate to prepare a deed that complies with your state and county laws. The deed includes your name and those of co-owners as grantors and the names of the new owners as grantees. It also includes a legal description of the property and language indicating the type of conveyance you are passing to the new owner. For example, the new owners may wish to take title as tenants in common, so the deed should include language to that effect.
Review the documents prepared by your attorney and sign the deed. Sign your name exactly as it appears in the portion of the deed that identifies you as grantor. Any other grantors must do the same. Some states have different signature requirements that must be taken into consideration. For example, it may be necessary for all parties to sign before witnesses and a notary, who must also sign the deed.
Record the deed. Recording the deed means having it acknowledged by the county government that governs your property. The government, in turn, enters the deed into the county's grantor-grantee index. Having your deed formally entered into the grantor-grantee index serves as public notice that the property has formally been conveyed to another person. Be prepared to pay any applicable recording fees or taxes when you record your deed.
- Many people use simple quitclaim deeds for conveyances between family members.
- If you sign over the title to your home without paying off the mortgage, you will still have to pay the mortgage but you will no longer own your home. Notify your lender of your desire to sign over your home to another owner before doing so.