Posted on: 29th May, 2013 09:19 pm
My granddaughter signed a quitclaim to me her grandmother but the mortgage company will not take her name off the mortgage and she has not lived with me for over six years. She has tried to buy her own home where she lives now but cannot because of this house what can I do?
hi ygrannyb!
welcome to the forums!
unless you refinance the mortgage or assume the loan in your name, the mortgage company won't remove your granddaughter's name from the mortgage.
feel free to ask if you've further queries.
sussane
welcome to the forums!
unless you refinance the mortgage or assume the loan in your name, the mortgage company won't remove your granddaughter's name from the mortgage.
feel free to ask if you've further queries.
sussane
Hi Ygrannyb!
I agree with what Sussane has said. You can take out a reverse mortgage in your name and refinance the existing mortgage.
Thanks
I agree with what Sussane has said. You can take out a reverse mortgage in your name and refinance the existing mortgage.
Thanks