Posted on: 18th Dec, 2008 04:19 pm
She has an equity loan on the house. Who, now, is responsible for that loan me or her?
hi guest!
welcome to forums!
if she has transferred the title to you, then you are the owner of the property. the mortgage is still in your mother's name. so she is liable to pay the mortgage. as the property is now owned by you, you will now have to refinance the mortgage and transfer the mortgage in your name.
feel free to ask if you have further queries.
sussane
welcome to forums!
if she has transferred the title to you, then you are the owner of the property. the mortgage is still in your mother's name. so she is liable to pay the mortgage. as the property is now owned by you, you will now have to refinance the mortgage and transfer the mortgage in your name.
feel free to ask if you have further queries.
sussane