Posted on: 21st Apr, 2010 06:02 pm
I hold the note for the mortgage of the home that my daughter lives in. After a nasty divorce that left her with damaged credit, I agreed to purchase a home for her to live in with her 3 children, for which she pays the entire amount of the monthly mortgage directly to the lender. While I am the sole name on the note, both she and I are listed on the Deed with 50/50 ownership.
Due to low income, she now qualifies for Section 8 housing voucher benefits for which she'd like to apply. The fear is that she would loose her eligibility due to being named on the Deed. Would it benefit her if I were to Quit Claim her off of the Deed, thus allowing her to apply for the housing assistance she deserves?
Due to low income, she now qualifies for Section 8 housing voucher benefits for which she'd like to apply. The fear is that she would loose her eligibility due to being named on the Deed. Would it benefit her if I were to Quit Claim her off of the Deed, thus allowing her to apply for the housing assistance she deserves?
As far as I can understand if your daughter has her name on the property deed, she may not be able to qualify for the Section 8 housing. However, for further information in this regard, I would suggest her to contact the Public Housing Authority of her area and take their suggestions in this regard.
I have to agree...without knowing how the housing authority would view her ownership, it would be potentially foolish to move forward without checking their requirements, guidelines, etc.
