Posted on: 25th Jul, 2007 06:21 pm
two sisters own a home but want to transfer the title in their sister and brother in laws name. will the two sisters name come off the title, so the sister and brother in law are on the title only. will the sister and brother in law be able to refinance in their name only.
Calwide I don't see any problem with the title transfer. And yes after the deed is made out grantor's name will get removed from title.
After getting ownership, sister and brother in law would be able to refinance the mortgage in their name, if they do not face any problems in being approved for refinance by the lender.
Miller
After getting ownership, sister and brother in law would be able to refinance the mortgage in their name, if they do not face any problems in being approved for refinance by the lender.
Miller
"Will the two sisters name come off the title, so the sister and brother in law are on the title only."
Yes after the deed is made out title will get transferred in their name. There should not be any problem with the transfer.
Yes after the deed is made out title will get transferred in their name. There should not be any problem with the transfer.
"Two sisters own a home but want to transfer the title in their sister and brother in laws name. Will the two sisters name come off the title, so the sister and brother in law are on the title only. Will the sister and brother in law be able to refinance in their name only."
After they have the title in their name and lenders approves them for refinance, the procedure can be completed to refinance the mortgage in their name.
After they have the title in their name and lenders approves them for refinance, the procedure can be completed to refinance the mortgage in their name.
Hi Calwide,
When the two sisters will transfer the title of property, they, being the grantor will definitely be named on the grant deed. And after making the deed, the grantor's name will get removed from the property title.
On acquiring the tile, the new grantees will be able to refinance the loan in their name only.
When the two sisters will transfer the title of property, they, being the grantor will definitely be named on the grant deed. And after making the deed, the grantor's name will get removed from the property title.
On acquiring the tile, the new grantees will be able to refinance the loan in their name only.