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    suemata's Avatar
    suemata Posts: 2, Reputation: 1
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    #1

    Aug 19, 2008, 07:18 AM
    Buying someone out of a deed
    I bought a house financed under my name and put my partner on the deed. We are no longer together and I want to take her off the deed. How do I go about doing this.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Aug 19, 2008, 07:20 AM
    If the mortgage is totally in your name, then you get her to sign a quit claim deed transferring the property from both names to yours.

    Of course, since she has an half interest in the home, she may want you to buy her out.
    rockinmommy's Avatar
    rockinmommy Posts: 1,123, Reputation: 82
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    #3

    Aug 19, 2008, 07:21 AM
    Are they in agreement to doing it? Or are they wanting to retain their ownership?
    suemata's Avatar
    suemata Posts: 2, Reputation: 1
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    #4

    Aug 19, 2008, 08:15 AM
    If she wants me to buy her out what is the process of doing this?
    rockinmommy's Avatar
    rockinmommy Posts: 1,123, Reputation: 82
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    #5

    Aug 19, 2008, 08:18 AM
    The two of you need to reach an agreement. Her signature will be required, so the two of you are going to have to get together on exactly what you want to do.

    Once you have an agreement call a local title company and tell them what you're wanting to do. They'll help you with necessary documents and get everything recorded and filed properly for you. Ask them their fees up front.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #6

    Aug 19, 2008, 08:19 AM
    Same as buying any real estate.. You will need to give her a check and she signs the quit claim deed.
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