Posted on: 04th Oct, 2010 10:35 am
My boyfriend & I bought a house 5yrs ago. The mortgage is in his name. And I believe he is ready to move on. Is there a way I could keep the house, since I can afford to make the payments and he can't?
Hi sl!
Welcome to forums!
You can ask your boyfriend to transfer his share of the property to you by signing quit claim deed in your favor. Once he does so, then you can refinance the mortgage. This will help you in transferring the mortgage in your name. Thus, you can then make payments on the mortgage and own the property.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can ask your boyfriend to transfer his share of the property to you by signing quit claim deed in your favor. Once he does so, then you can refinance the mortgage. This will help you in transferring the mortgage in your name. Thus, you can then make payments on the mortgage and own the property.
Feel free to ask if you've further queries.
Sussane