Posted on: 17th Mar, 2011 02:41 pm
I am 62 and my wife is 55. We are interested in getting a reverse mortgage, however bot parties have to be 62 or older. Wy wife suggested removing her name from the deed to do this. Can we use a deed of trust?
Hi jotran!
Welcome to forums!
Your wife can sign a quitclaim deed in your name and transfer her share of the property to you. This will make you the sole owner of the property and you can apply for a reverse mortgage.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Your wife can sign a quitclaim deed in your name and transfer her share of the property to you. This will make you the sole owner of the property and you can apply for a reverse mortgage.
Feel free to ask if you've further queries.
Sussane