Posted on: 07th Oct, 2008 02:31 pm
He owes $125k and the house is going solely into my name. He's signing the quick claim now, should I pay the mortgage `now while it's in his name or wait to pay it off aftert I file the claim
hi jeri!
welcome to forums!
once the house is quitclaimed in your name, then you will have to refinance it. once you refinance, the mortgage will be in your name. then you can start paying off the mortgage.
feel free to ask if you have further queries.
sussane
welcome to forums!
once the house is quitclaimed in your name, then you will have to refinance it. once you refinance, the mortgage will be in your name. then you can start paying off the mortgage.
feel free to ask if you have further queries.
sussane
Hi jeri!
You should not pay it off in his name rather you should wait for the transfer to take place. Once the property is in your name, do a refinance and the mortgage will be in your name. They pay it off.
Thanks,
Jerry
You should not pay it off in his name rather you should wait for the transfer to take place. Once the property is in your name, do a refinance and the mortgage will be in your name. They pay it off.
Thanks,
Jerry