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is a transfer of a property deed the same as selling the property.?
my mom's house the deed was transfered to her granddaughter by my sister and the granddaughter is saying she brought the house, but no money was passed. the house has been paid for years ago, so there is only property taxes. my mom never received any money, so would this be considered a sale of property.
4 Answers
- 1 decade agoFavorite Answer
If your mother did a quit claim to her home in favor of her granddaughter, then the property now belongs to the granddaughter.
Usually, some form of consideration is paid, but it can also be a gift.
There are tax issues to this transaction, too, but for now, to keep it simple, if Mom truly signed the property over in its entirety to her granddaughter, then the granddaughter has legal title to the house.
I'm not sure what your sister has to do with this, unless her name was also on Mom's deed. Then, your sister can only quit claim to her share of the ownership - not the whole thing.
Good luck.
Source(s): Realtor http://www.searchforvenice.com/ - Anonymous1 decade ago
transfer of property deed is changing ownership it can be selling the property at zero cost. the only cost is lawyer fees. the registered new owner will be paying the property tax. changing ownership needs two party to sign, the previous owner and the new owner. i am not sure whats going on? is the granddaughter over 19 years old eligible to sign the legal document?
- Expert8675309Lv 71 decade ago
Selling a house for money is called "consideration" and it's not a requirement to transfer real estate ownership.
The problem with what you say, is that it doesn't appear that your MOTHER transferred the property, but your SISTER did, which isn't legal, b/c your sister didn't own the property, and therefore, cannot transfer what she doesn't own, unless she committed real estate fraud and forged a signature.
The house is still owned by your mother, if what you state is true.
If your mother is deceased and left no will, then it would go to her immediate heirs, which is you and your siblings, and you would need to go to court to decide what to do, if you wish to sell the property.
- Anonymous5 years ago
No you can not. You have to probate the state and receive the deed first, before you sell. Kid was impatient. He did mean, no, not until you have the deed.