Posted on: 24th Feb, 2010 08:02 pm
Can I quick deed my home to my son even though I still owe the bank. How do I quick deed to my son, I'm an ederly woman. Thank you
Hi Jeanine,
You can sign a quit claim deed in your son's favor and transfer the property to him. However, as there is a mortgage on the property, you should inform the lender about it. There are chances that the lender would want your son to refinance the loan in your name.
You can sign a quit claim deed in your son's favor and transfer the property to him. However, as there is a mortgage on the property, you should inform the lender about it. There are chances that the lender would want your son to refinance the loan in your name.