Posted on: 09th Jul, 2008 01:17 pm
i live in nc and am trying to help my daughter from foreclosure. i am going to pay off her mortgage and then have her quit claim deed the property to me. is this my best option? thanks mike
Welcome Mike,
This sounds VERY generous to me. Are you going to let her continue to live in the home? Are you financing the home or simply paying it off for her?
This sounds VERY generous to me. Are you going to let her continue to live in the home? Are you financing the home or simply paying it off for her?
mike, the other option will be to pay off just the past due balance owed. then have her sign the quit claim deed giving you sole interest in the property . then and only then can you do a refinance in your name only.
talk to your attorney
jeanette smith
mortgage planner
union mortgage group
talk to your attorney
jeanette smith
mortgage planner
union mortgage group
