Posted on: 05th Oct, 2010 09:22 am
My mother is also listed on my mortgage. She no longer lives with me and I am trying to get a loan modification. The advised me to do a quitclaim deed. We are listed as joint tenants-- do I use a quitclaim or a Joint tenancy quitclaim deed??
Hi Guest,
You will have to ask your mother to sign a quit claim deed transferring all her rights in the property to you. This will make you the sole owner of the property. Then, you'll be able to get a loan modification.
Thanks
You will have to ask your mother to sign a quit claim deed transferring all her rights in the property to you. This will make you the sole owner of the property. Then, you'll be able to get a loan modification.
Thanks