My question involves real estate located in the State of: California
My dad wants to give his house to my wife and I. In my research, I came upon the term "quitclaim deed". However, I also found that just being removed from the deed/title does not cancel your obligation to the loan. My wife and I would like to take ownership of the house and get our own mortgage for the house so that my dad can be totally free of the house. Can someone tell us how this process is typically done?