Posted on: 14th Nov, 2010 07:53 pm
I am currently in a house where the owner has the mortgage under his name only, I am paying half of the rent and he pays the other half. My name is not on the house at this time. the owner wants to get out of the mortgage and wants to transfer it all over to me. which is the best way to go.
Hi langkamd,
You can ask the owner of the property to sign a quitclaim deed and transfer the property to you. Once he does so, you can refinance the mortgage and get it transferred in your name.
Thanks
You can ask the owner of the property to sign a quitclaim deed and transfer the property to you. Once he does so, you can refinance the mortgage and get it transferred in your name.
Thanks