Posted on: 08th Jan, 2010 02:26 pm
When we purchased the house, it was alot easier to get a loan if in my name only because my husband had prior bad credit. He had gone through a divorce years before and was only just starting to get back on track. It has been 6 years now and we would like to add his name to the deed. How do we go about this?
Thank you
Diane
Thank you
Diane
Hi ddlynch,
If you want to add his name to the property deed, then you'll have to fill out a quit claim deed. You'll have mention yourself as the grantor of the property whereas write your name and your husband's name as the grantee. Once the deed is filled out make sure to notarize and record it at the county recorder's office. I hope there's a mortgage on the property. After the change in ownership, the lender will want you and your husband to refinance the loan in both the names.
Thanks
If you want to add his name to the property deed, then you'll have to fill out a quit claim deed. You'll have mention yourself as the grantor of the property whereas write your name and your husband's name as the grantee. Once the deed is filled out make sure to notarize and record it at the county recorder's office. I hope there's a mortgage on the property. After the change in ownership, the lender will want you and your husband to refinance the loan in both the names.
Thanks
you can sign a quit claim deed in favour of self & your husband. ensure to notarize it. inform mortgage lender about it as they may ask to include your husband
You don't want to add him to Title with a Quit Claim because it'll invoke the due-on-sale clause of your Note.
I'm assumning you want to add him to Title to ensure he won't have any ownership problems in the event you Pass. The two proper ways to do it are via a refinance (this is the best way), whereas you're both qualifying for the mortgage, or with a Living Trust. Both methods provide solid legal solutions that don't invoke the due-on-sale clause of your Note.
I'm assumning you want to add him to Title to ensure he won't have any ownership problems in the event you Pass. The two proper ways to do it are via a refinance (this is the best way), whereas you're both qualifying for the mortgage, or with a Living Trust. Both methods provide solid legal solutions that don't invoke the due-on-sale clause of your Note.
