Posted on: 01st Apr, 2011 06:59 pm
Transferring property from parent to child once already married, is it nessasary to sign the interspousal form to re=finance if spouses credit is not good?
Hi flofam,
Interspousal transfer deed is used in order to transfer property between husband and wife. If you want to transfer your property to your son, then you can use a quitclaim deed or a warranty deed in order to transfer the property to your son.
Thanks
Interspousal transfer deed is used in order to transfer property between husband and wife. If you want to transfer your property to your son, then you can use a quitclaim deed or a warranty deed in order to transfer the property to your son.
Thanks
When transferring from parents to son but needing to re-finance to get a better rate, is an inter-spousal needed of wife's credit was not good at the time?
Hi flofam!
Welcome to forums!
Inter-spousal transfer deed is used in case of property transfer between the spouses. It cannot be used in case of property transfer between parents and children. Property transfer has nothing to do with good or bad credit.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Inter-spousal transfer deed is used in case of property transfer between the spouses. It cannot be used in case of property transfer between parents and children. Property transfer has nothing to do with good or bad credit.
Feel free to ask if you've further queries.
Sussane
Ditto, ditto here, but I'm not quite understanding the original query flofam.
I think perhaps you're saying that the "wife's credit" is that of the distaff side of the Parents transferring title. Is that safe to say? Or is it that your son's wife (if any) has poor credit?
In any event, the deed used to transfer ownership isn't impacted at all by good, bad or non-existent credit. Credit simply doesn't have anything to do with the transfer of ownership in a property.
I think perhaps you're saying that the "wife's credit" is that of the distaff side of the Parents transferring title. Is that safe to say? Or is it that your son's wife (if any) has poor credit?
In any event, the deed used to transfer ownership isn't impacted at all by good, bad or non-existent credit. Credit simply doesn't have anything to do with the transfer of ownership in a property.
