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Transfer a Mortgage

jameshogg

Posted on: 19th Oct, 2010 08:47 am

currently I have own a COOP in Queens, NY. The shares are in my name and my mothers name. The mortgage is only in my name and line of credit in my name.

I want to take my name off the mortgage and line of cred and put her name on the mortgage and line of credit. How can I do this?

Total Reply : 1

hi corangin,

your mother will have to refinance both the mortgages in order to remove your name from the existing mortgage docs. your mother should contact the local lenders and apply for a mortgage refinance.

thanks

jameshogg

Posted on: 20th Oct, 2010 01:19 am

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