Posted on: 09th Jan, 2011 08:40 am
My wifes sister is intrested in staying in my home, and taking over the payments. My name is the only name on the deed and their is a balance still left on the loan. What steps do i need to take to transfer the property from me to her?
Hi slim,
Your wife's sister will have to refinance the mortgage in her name in order to take over the payments. As far as adding her name to the property deed is concerned, you can use a quitclaim deed for the same.
Thanks
Your wife's sister will have to refinance the mortgage in her name in order to take over the payments. As far as adding her name to the property deed is concerned, you can use a quitclaim deed for the same.
Thanks