If two people have a shared ownership on a house, how can one get their name off of the house? Can they just sign a peice of paper or does the one still living in the house have to pay the other money to get their name off the house?
by 
jazzy jay
ANSWERS: 1
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GRANT DEED is the typical document used to transfer ownership of title from one person to the other. QUICKCLAIM is the form of document used for spouses, I am assuming this is two unmarried scenario....about paying for the transfer of title would need to be a decision between both interest parties...who ever wants out will need to get some money to give out their title of ownership... I only hope both parties can agreed on a figure..usually based on fair market value,minus the any liabilities(LOANS) but not limited to what would be the cost to sell the property...always keep that in mind....the other person is not entitle to 1/2 the equity but 1/2 the equity minus cost to sell if that was the scenario
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