I need to remove my mom from the property title. There are three names on the title: mine, my wife, and my mom. I heard about quit claim deeds and want to know if that’s the right way to do this and how to fill it out.
If she agrees to it, yes. If not, good luck.
If your mom is on the mortgage, she might not want to sign a quit claim deed. She’d still be responsible for the mortgage even if she’s off the deed. Consider refinancing instead.
Exactly, and your mom has to be willing to sign the deed.
The mortgage rate is tied to her being on the mortgage. If she’s on it and you quitclaim her off the deed, your mortgage situation might change. It’s best not to handle this yourself.
If you get a new deed, will the mortgage be affected?