Posted on: 03rd Jul, 2010 01:01 pm
I cosigned on a mortgage my mother obtained a few years ago. Is it required that the Bank through which the mortgage was obtained, name me on the title of said property??
My mother recently died, leaving me with a mortgage on a property and I found out I was not placed on the title of the property. Please advise if I have any recourse.
Thanks,
Peg
My mother recently died, leaving me with a mortgage on a property and I found out I was not placed on the title of the property. Please advise if I have any recourse.
Thanks,
Peg
Hi peggy,
The lender will want your name to be added on the property deed if you co-sign for the mortgage. It is quite surprising for me to note that though your name is not on the property deed, you are the co-signer of the mortgage. As your mother is deceased now, you should file an affidavit of heirship and get the property transferred in your name.
Thanks
The lender will want your name to be added on the property deed if you co-sign for the mortgage. It is quite surprising for me to note that though your name is not on the property deed, you are the co-signer of the mortgage. As your mother is deceased now, you should file an affidavit of heirship and get the property transferred in your name.
Thanks