Posted on: 05th Jan, 2009 07:29 pm
i paid for a home for my son, titled to him.he cant pay and dont want the house. will a quit claim from him to me work to change ownership to me. i can provide a small payment paymet to make it a sale.
hi clara,
yes, your son can transfer the property to you by signing a quitclaim deed. if there is a mortgage on the property, then you need to refinance the mortgage in your name. once you refinance the mortgage in your name, your son will be released from the liability of paying the mortgage dues.
thanks
yes, your son can transfer the property to you by signing a quitclaim deed. if there is a mortgage on the property, then you need to refinance the mortgage in your name. once you refinance the mortgage in your name, your son will be released from the liability of paying the mortgage dues.
thanks