Posted on: 14th Mar, 2009 06:58 am
How do I change the name of owner-holder of a First Mortgage from a personal name to a company name?
Hi Laurel,
I think you first need to transfer the title to the company name through a quitclaim deed after which it can be refinanced in the company's name. You need to talk with the lender first before you take any decision on it. You can also think of the option of doing a Novation.
I think you first need to transfer the title to the company name through a quitclaim deed after which it can be refinanced in the company's name. You need to talk with the lender first before you take any decision on it. You can also think of the option of doing a Novation.