QUITCLAIM

yes she can. but she will be still responsible for mortgage.

i think novation could be a better option for you. where she can transfer the property and also the loan to your name. you just need to qualify for the loan.

hi kabee,

your mother can quitclaim the property to you but you'll have to refinance the mortgage in your name. moreover, you should check out the loan docs to know whether there is a due on sale clause mentioned in it. if there is a due on sale clause, then the lender will ask your mother to pay off the mortgage immediately after she transfer the property to you.

you have mentioned that you would be putting her in the nursing home. will she apply for medicaid? transfer of the property to you will make her ineligible for medicaid benefit for the next 5 years.

thanks

James your statement is interesting
"Transfer of the property to you will make her ineligible for Medicaid benefit for the next 5 years"

can you share some more information about this.

How does this affects her Medicaid benifits?

Actually this topic depends upon many factors.All loan & mortage owner is she so you need to transfer all this to youe name and you need to follow Quit Claim. By this way you can all this put your name.Because a quitclaim deed is a term that passes that claim to another person.And other will be resposible to pay mortage and all pay relealed to mortage or loan.

But Before that you need to take permission from her and take legal sign from her.

I hope you understand what you need to do.....

Thanks
Hari