Posted on: 19th Jul, 2010 12:32 pm
Our Mortgage Company told us we can do an Assumption Loan for my sister who wants to keep the house. We need to find a Title Company that can help us do it.
Tom
Tom
If you want to assume the loan, then you need to add your name in the property deed as well. Your sister can use a quit claim deed in order to add your name to the property deed. It's not mandatory to take the help of a title company. She can take the help of an attorney in order to add your names to the property deed.