Legal Question in Administrative Law in California
Deed of Trust
My husband and I want to change the names on the deed of trust of ur home to our daughters' names. How can we do this and what form do we need to complete. How much will it cost to get it recorded at the Register Recorder County Offices?
1 Answer from Attorneys
Re: Deed of Trust
You can deed your interest in the home by grant deed or quitclaim deed, but the deed of trust is a security interest of your lender and the lender is not going to let you out of your obligation unless your daughters qualify for financing and the lender agrees to release you. Be aware there may be a clause in the deed of trust that prohibits you from conveying your interest without the lender's approval; recording a deed without knowing what you are doing (i.e. without the involvement of a lawyer) may cause your loan to accelerate (you will owe all the money at once).
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