Posted on: 07th Sep, 2010 01:13 pm
good afternoon
I have a question.....if my mother purchases a home for us can she quit claim it to us so it becomes our home? how does that work?
I have a question.....if my mother purchases a home for us can she quit claim it to us so it becomes our home? how does that work?
hi lonew,
your mother can sign a quit claim deed and transfer the property to you. this will make you the owner of the property. if there is a mortgage on the property, then you'll have to refinance it in order to get the mortgage transferred in your name.
thanks
your mother can sign a quit claim deed and transfer the property to you. this will make you the owner of the property. if there is a mortgage on the property, then you'll have to refinance it in order to get the mortgage transferred in your name.
thanks