If I own property with my four siblings, can I legally sign my part to one of them while I am alive?
Answers:
Yes you can. You do not need the approval of a mortgage lender, but like another answerer said, signing over the property does not relieve the property or you of any mortgages or liens. Use a quitclaim deed form. Requiring the approval of a mortgage holder violates a concept of law called "restrain against alienation." That phase means it's illegal is forbid someone from selling their own property.
yes you can. Note it won't release you from any mortgage you might owe; and there may be tax consequences. Local laws vary a bit; you may need an atty to draw one up or advise if you would be better with a quit claim deed or a deed of gift for your interest depending on how the original deed reads.
Yes. Quit claim the house to whomever you wish. However if you have a mortgage you will need the approval of the lender.
Assuming you are an adult & there are no deed restrictions prohibiting it, yes.
Yes. You might do better with a real estate lawyer to handle this for you, but it's really just a few forms that in most states, you fill out and take to the county recorder's office.
Call the recorder's office in your county (if you're not getting a lawyer) for the exact forms, but in California, all you need is a grant deed and a PCOR (preliminary change of ownership form).
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