Posted on: 08th Sep, 2010 05:49 pm
I own a house with a mortgage. Is there any way I can sign over the house, and the debt, to another person to whom I am not related? This would not be a sale, but a gift. We both live in Oregon.
hi egretsky!
welcome to forums!
you can transfer your property to someone else by signing a quit claim deed in his or her favor. however, once you transfer the property to someone else, he or she will have to refinance the mortgage in his or her name. this will release you from the obligation of paying the mortgage.
feel free to ask if you've further queries.
sussane
welcome to forums!
you can transfer your property to someone else by signing a quit claim deed in his or her favor. however, once you transfer the property to someone else, he or she will have to refinance the mortgage in his or her name. this will release you from the obligation of paying the mortgage.
feel free to ask if you've further queries.
sussane