Posted on: 09th Jul, 2012 07:08 am
My parents want to make a quick claim deed with my name on it will this protect me even though they have a mortage left on the home as well as an equity loan with the bank?
hi nash!
welcome to forums!
once the property is transferred in your name, the lender will want you to refinance the mortgages in your name so that you become the owner of the property as well as the home loan.
feel free to ask if you've further queries.
sussane
welcome to forums!
once the property is transferred in your name, the lender will want you to refinance the mortgages in your name so that you become the owner of the property as well as the home loan.
feel free to ask if you've further queries.
sussane
Hi nash,
To know all about refinance, check out the given page: http://www.mortgagefit.com/refinance.html .
To know all about refinance, check out the given page: http://www.mortgagefit.com/refinance.html .
You have to receive the Lenders permission prior to revising Title. Lack of doing so can result in the mortgage becoming due and payable immediately.
