Posted on: 09th Sep, 2008 05:08 pm
Can they QD Their house over to us,we are making the payments because they cant afford it anymore.They will live out their lifes at the house.But my Q. is our credit is not to great at this time.Will the bank allow this?
Welcome DeAnna,
Your parents can quitclaim the house over to you. But the lender may object to such a transfer if there is a due-on-sale clause mentioned in your loan doc.
Your parents can quitclaim the house over to you. But the lender may object to such a transfer if there is a due-on-sale clause mentioned in your loan doc.