Posted on: 24th Aug, 2010 12:42 pm
My family wants to assume ownership of a ny state property that my brother owns. He will loss the house without financial help. Can we be put on the deed to protect our interests even if he has a mortgage? He agrees with us. We will then assume his mortgage payments.
Hi icurn,
If the lender agrees to a loan assumption, then you can add your name to the property deed and then assume the loan, pay the dues on time and save the property.
Thanks
If the lender agrees to a loan assumption, then you can add your name to the property deed and then assume the loan, pay the dues on time and save the property.
Thanks