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change of ownership

Posted on: 12th Jan, 2011 01:58 am
I am 22 my partner is 18 we bought a house together then split up she wants to keep the house but is on a low wage can i transfer ownership to her we have a son who i will support financially
hi burttopdog,

you can transfer the property ownership to your partner. that won't be an issue. however, after the transfer of the property, the lender (if there is a mortgage on the property), will want her to refinance the loan in his name or pay off the dues in full.

take care.
Posted on: 12th Jan, 2011 02:30 am
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