Posted on: 27th May, 2010 10:01 am
good afternoon,
my parents and i own a home together, however they are getting older and want to ensure that my siblins can not come and take the house from me, can you please advise the best way to handle this refinance in just my name or what?
my parents and i own a home together, however they are getting older and want to ensure that my siblins can not come and take the house from me, can you please advise the best way to handle this refinance in just my name or what?
I have not yet received a reponse so I can't give it a rating
Hi,
As per my knowledge tell your parents to sign a quitclaim deed and transfer the property in your name. After the quitclaim you need to re-finance the mortgage loan in your name. If you do that then you will be the sole owner of the property and no one can claim the property. Consult with a good lawyer to know detailed information.
Hope this will help you.
If you have further queries feel free to ask.
As per my knowledge tell your parents to sign a quitclaim deed and transfer the property in your name. After the quitclaim you need to re-finance the mortgage loan in your name. If you do that then you will be the sole owner of the property and no one can claim the property. Consult with a good lawyer to know detailed information.
Hope this will help you.
If you have further queries feel free to ask.