Posted on: 10th Nov, 2009 11:31 pm
I have owned my home for 20 yrs, but now due to financial difficulties I have missed several mortgage payments. Rather than either selling the house or just walking away, my son would like to keep the house. He will move in and make the payments. How can I transfer the house to him and no longer have the financial responsibility?
you mean to say you need to transfer the ownership as well mortgage liability to your son.this can surely be done if your qualifies for refinance and with the consent from your lender.just contact your lender and he will be able to give you details about "how to proceed".