Quit claim deed - Mortgagefit

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Quit claim deed

jameshogg

Posted on: 05th Jul, 2013 09:04 am

my mother is very ill & her house is not paid for. if my mother quit claim deeds her house to me & she passes away, will i have to refinance the mortgage or do i just continue paying the mortgage in as it is set up right now.

Total Reply : 2

Hi Shadasimp,

You will have to refinance the mortgage after your mother's death and get in transferred in your name. Then you can start making payment toward that loan.

Thanks

jameshogg

Posted on: 07th Jul, 2013 08:39 pm

Hi Shadasimp!

Welcome to the forums!

You can even check out the option of loan assumption with your lender and see if he agrees to let you get the mortgage transferred in your name through this option.

Feel free to ask if you've further queries.

Sussane

smith.sussane

Posted on: 08th Jul, 2013 08:39 pm

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