Posted on: 05th Apr, 2010 05:40 pm
my mom has terminal cancer. i want her to increase her line of credit home equity loan so the money can be used for 24hr care in her home. i am her poa - but the bank states i need to be on the deed in order to access the line of credit- what do we need to do? other than a home equity loan - there is no mortgage.
Hi sueluedtke!
Welcome to forums!
You can ask your mother to sign a quit claim deed and add your name to the property deed. As you have the the power of attorney on your mother's behalf, you can even sign the deed. This will help you in adding your name on the property deed and then you will have access to the line of credit.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can ask your mother to sign a quit claim deed and add your name to the property deed. As you have the the power of attorney on your mother's behalf, you can even sign the deed. This will help you in adding your name on the property deed and then you will have access to the line of credit.
Feel free to ask if you've further queries.
Sussane