Posted on: 09th Dec, 2009 06:20 pm
my daughter has a va loan on her house. the morgage is not paid off. how ever i want to know if my husband and i can do a warranty deed on her home with out a credit check or refinanceing the loan. we all live together due to a bitter devorice see had gone thur.
Hi sandra!
Welcome to forums!
As there is a mortgage on the property, your daughter will not be able to add your name to the property with a warranty deed. She will have to use a quit claim deed in this case. She will remain on the loan as the primary borrower and will be responsible for the mortgage if you do not refinance it.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As there is a mortgage on the property, your daughter will not be able to add your name to the property with a warranty deed. She will have to use a quit claim deed in this case. She will remain on the loan as the primary borrower and will be responsible for the mortgage if you do not refinance it.
Feel free to ask if you've further queries.
Sussane