Posted on: 22nd Aug, 2007 03:22 pm
one month ago i sold my mobilehome, my feance and i found a house. trusting him everything went in his name (he said it would been easier) now he wants to move out. i moved my 3 kids into this house after being where i was for eleven years. i don't want to put them through moving and changing schools again. can we do a quit claim deed and refinance the house with me instead. so i don't have to do all the escrow and closing costs expenses with buying?
Hi Angels,
You can use a quit claim deed to get the title transferred in your name and also refinance the mortgage. You need to contact the lender to know if you would be able to qualify for the refinance or not. But refinance will have involved costs which you will have to bear.
Miller
You can use a quit claim deed to get the title transferred in your name and also refinance the mortgage. You need to contact the lender to know if you would be able to qualify for the refinance or not. But refinance will have involved costs which you will have to bear.
Miller
::So i don't have to do all the escrow and closing costs expenses with buying?::
I agree that by using a quit claim deed, you will be able to avoid paying for many of the expenses involved in the buying process.
But conatct the lender to know if you would be able to get approval for refinance of the mortgage in your name.
I agree that by using a quit claim deed, you will be able to avoid paying for many of the expenses involved in the buying process.
But conatct the lender to know if you would be able to get approval for refinance of the mortgage in your name.
Hi Angels,
If your husband wants to move out of the house, you can get the property back from him by using the quitclaim deed. By signing the deed, your husband will be giving up his property ownership rights and will transfer it to you.
You can refinance by taking a new loan solely in your name. And you must inform your lender about the refinance because of the title change in the property. But you must have to pay the origination cost of the refinance as said by Miller.
If your husband wants to move out of the house, you can get the property back from him by using the quitclaim deed. By signing the deed, your husband will be giving up his property ownership rights and will transfer it to you.
You can refinance by taking a new loan solely in your name. And you must inform your lender about the refinance because of the title change in the property. But you must have to pay the origination cost of the refinance as said by Miller.