Adding Someones Name to a Deed but not the home mortgage

hi gregd,

you can add someone to the title using a quitclaim deed. but adding someone to the deed with an existing mortgage on the property might not be possible. most of the mortgages have a 'due on sale' which makes the balance loan amount due when and if any transfer in ownership takes place. if you add someone to the title you might be required to refinance the loan in both you and the co-owner's name and pay off the current debt. however, you can request the lender to allow this change, though i'm not sure if they would do so.

thanks,

jery

Hello,
I have a home in California, that my name is one the deed but not on the loan. The loan has both of my parent's names on. My father passed away 7 years ago but my mother just passed away last month, is it possible to have my name added to the loan without having it refinanced?

Hi Guest,

You can speak to the lender and check out if you can assume the loan. If he agrees to loan assumption, then you won't be liable for refinance.

Thanks