Posted on: 01st Nov, 2008 07:03 am
My husband's aunt's husband passed away. House was under his name only. Aunt would like to quick claim it to us. Can she add herself to the mortagage, then claim the house to us? Or what can we do in this situation. Please note: we would not qualify for this home using our own credit.
hi mrs. soto!
welcome to forums!
the lenders prefer to give mortgage to the owners. if the property is transferred to someone else, then they will ask the new owner to refinance the property. i think it will better if your aunt's name is also on the deed of the property. in that case, she will be able to take the mortgage in her name.
feel free to ask if you have further queries.
sussane
welcome to forums!
the lenders prefer to give mortgage to the owners. if the property is transferred to someone else, then they will ask the new owner to refinance the property. i think it will better if your aunt's name is also on the deed of the property. in that case, she will be able to take the mortgage in her name.
feel free to ask if you have further queries.
sussane