Quick answer
Get independent advice before transferring ownership; a deed can change valuable rights without releasing a loan.
Do now
Identify the property, existing owners, liens, purpose, consideration, and proposed recipient. Review tax, estate, benefits, marital, and mortgage consequences with qualified advisers. Verify identity and signing requirements.
Watch for
A promise to transfer the home back later can be dangerous. Deeding property away does not automatically remove mortgage liability or protect it from creditors.
Official sources
CFPB — Foreclosure-Relief Scams, CFPB — Owner’s Title Insurance, US Courts — Chapter 7 Basics.
