Posted on: 04th Mar, 2010 07:33 pm
hello,
i want to take ownership of a mortgage that is under my sister's name. she does not want the property or mortgage at all. is a quit claim deed the best way to go and if she signs it will i be able to refinance on the mortgage?
i want to take ownership of a mortgage that is under my sister's name. she does not want the property or mortgage at all. is a quit claim deed the best way to go and if she signs it will i be able to refinance on the mortgage?
Hi,
If your sister wish to transfer loan & property, both of to you then she have to sign a quit claim deed to you & refinance the mortgage to your name.Then you are responsible to pay off loan & you will be the sole owner of property. But she have to inform to her lender before that's all.
Thanks & Regards.
gunz.ijjistaff :lol: :lol: :lol:
If your sister wish to transfer loan & property, both of to you then she have to sign a quit claim deed to you & refinance the mortgage to your name.Then you are responsible to pay off loan & you will be the sole owner of property. But she have to inform to her lender before that's all.
Thanks & Regards.
gunz.ijjistaff :lol: :lol: :lol: