Posted on: 26th Sep, 2012 07:24 pm
I purchased a home in 2009 and thinking about moving. Is it possible to sign over the house to another party who is willing to assume the balance of the loan and/or take over payments? I do not want any ties or legal issues down the road.
CBing in Texas
CBing in Texas
hi charlie!
welcome to forums!
you can sign over the property to some other party. but they have to refinance the mortgage in their name or you will remain liable for the mortgage payments though the property won't remain in your name.
feel free to ask if you've further queries.
sussane
welcome to forums!
you can sign over the property to some other party. but they have to refinance the mortgage in their name or you will remain liable for the mortgage payments though the property won't remain in your name.
feel free to ask if you've further queries.
sussane
hello chralie bing,
It's important to find something that will meet your needs as well as your budget. Many times these foreclosed houses will need a lot of repairs. It also seems that the banks are not responsible for any damages to the properties.
:wink:
It's important to find something that will meet your needs as well as your budget. Many times these foreclosed houses will need a lot of repairs. It also seems that the banks are not responsible for any damages to the properties.
:wink:
Yes you could seal the deal but take care of issues which may arise due to their living in the house and then relinking to you, so have proper monitoring and proof reading of the sanctions being made.
Austin Home Equity Loans - Mortgage Refinancing
Austin Home Equity Loans - Mortgage Refinancing