Posted on: 13th Dec, 2009 06:11 am
my son has a mortgage on his home and we are on the deed only, now my son wants his name off the mortgage and he wants no money for this transfer. what can I do to help him. paul
[/url]http://www.tripleclicks.com/9521003
[/url]http://www.tripleclicks.com/9521003
From the information your wrote on the forum, it seems like he wants tp either placd the home in your name or in another persons nane, such as a ex-wife. To get the son of the mortgage, they must do a purchase in the other persons name.
Ir you would liike to take your son off the mortgage, the new homeowner will have to qualify oh tyeir own.. If you would like more informarion on how to move forward, feed free to conctact me at the number or website listed in my signature!
Good luck!
Ir you would liike to take your son off the mortgage, the new homeowner will have to qualify oh tyeir own.. If you would like more informarion on how to move forward, feed free to conctact me at the number or website listed in my signature!
Good luck!
your name is already on deed. therefore, your son can transfer ownership right to you. then you need to refinance mortgae in your name.
however if you can not do the refinance at your own, you need to transfer home to some other person by mean of sale or quit claim deed
however if you can not do the refinance at your own, you need to transfer home to some other person by mean of sale or quit claim deed