
AU Form 10CN 2020-2025 free printable template
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Hello this is Dave at titlesearchcom and AFX title one of the most common requests that we get is how to change the name on a real estate or property title the first thing to start out with is what name is the property currently titled in, and you don't want to go by chance you don't want to go by a deed that you have in your hand you want to actually look at the current property title status off of a current title search to make sure you know what the property name is currently vested in if you start out with the wrong information you may transfer title from one name to another and find out that the original name wasn't correct to begin with start by definitively understanding whose name the title is in first, and then you're going to look to see are you adding a name subtracting a name changing a name to determine the best route to go for the execution of documentation if it's a family transfer sometimes you can use a quick claim deed to add a name change a name or to put it in another family name is it a marry made or is a person on title become married become divorce, and it's the same person just a different name that may require additional documentation such as an authorization or even an affidavit of name change now is it a typo is their current name on title that's spelled incorrectly or worded incorrectly maybe with a wrong middle initial that may require correction deed to change that information and be very careful when using a quitclaim deed to adjust a name on a property most properties if it has a mortgage it will also have a title insurance policy if you use a quitclaim deed you may void the current coverage on that title insurance policy normally title insurance will cover the current owner the property as long as they own that parcel for any types of title insurance claims, so you know ownership issues lien issues and the like and even boundary issues if you quit claim deed the property even to your own name with a typo or to a spouse name or adding an in some cases that may trigger cancellation of that title insurance policy so be very careful when using a quitclaim deed to make sure that you're not avoiding an existing title policy if you have a mortgage on the property using any type of transfer to change a name or add a name is also problematic because most mortgages have a due on sale clause meaning that if the property is transferred that mortgage is due in full 100 as of that date you can no longer make payments you have to pay the mortgage off in full so if you quickly need the property to yourself and another person or change the name technically that mortgage company may require that mortgage to be paid in full now will they normally enforce that initially maybe not but down the road if there's any question about the mortgage or any issues they can refer back to that mortgage due on sale clause and cause the mortgage to be paid in some cases mortgage companies will audit their mortgage portfolios we get this all the...
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