Posted on: 09th Feb, 2011 09:43 am
If as son my name is on title what will be my responsibilty interms of mortgage payment liability
and how to withdraw my title and how much is the fee and any phone name can be consulted
and how to withdraw my title and how much is the fee and any phone name can be consulted
Hi shahbaz_akram,
If your name is not mentioned on the mortgage docs, you won't be responsible for paying the loan. However, as an owner, you'll be liable for the maintenance and property taxes. If you want to remove your name from the property title, you can sign a quitclaim deed in favor of the owner of the property.
If your name is not mentioned on the mortgage docs, you won't be responsible for paying the loan. However, as an owner, you'll be liable for the maintenance and property taxes. If you want to remove your name from the property title, you can sign a quitclaim deed in favor of the owner of the property.
THANK YOU