Posted on: 09th Apr, 2010 08:04 am
If sell my house to a relative and hold the mortgage. Am I still considered the owner of that property, until the mortgage is paid off in full?
And do I hold the deed or title until that time.
And do I hold the deed or title until that time.
Once you transfer the property to someone else, you won't be considered as the owner any longer. However, if your name is on the mortgage docs, then you would be responsible for the mortgage payments. Once you transfer the property, you won't hold the property deed any longer.