Posted on: 11th Aug, 2010 09:40 am
hi, i need to co sign for my son on a purchase of a home because i am putting the down payment. once the closing is complete how early can i quit claim deed the property to my son?. is there any liabilities for me or my son
hi ann!
welcome to forums!
as you co-sign for the loan, the lender will want your name to remain on the title of the property. if you quit claim the property to your son, the lender would want him to refinance the loan. moreover, though you quit claim the property to him, you would still be liable for paying the mortgage dues.
feel free to ask if you've further queries.
sussane
welcome to forums!
as you co-sign for the loan, the lender will want your name to remain on the title of the property. if you quit claim the property to your son, the lender would want him to refinance the loan. moreover, though you quit claim the property to him, you would still be liable for paying the mortgage dues.
feel free to ask if you've further queries.
sussane