Posted on: 15th Sep, 2010 11:22 pm
My parents have a reverse Mortgage and they took my Mom off title when they did it because she was not 62 yet. How do we get her back on title so that if My Dad dies first she is able to stay in the house? We live in California
hi rebeckah,
if your mother is 62 years of age now, then your father can sign a quit claim deed and add her name to the property deed. however, if she is not 62 years of age, then the lender will not allow her name to be added on the property deed. in that case, your father can draft a will and declare her as the beneficiary to the property. after your father's death, your mother can probate the will and claim the property.
take care.
if your mother is 62 years of age now, then your father can sign a quit claim deed and add her name to the property deed. however, if she is not 62 years of age, then the lender will not allow her name to be added on the property deed. in that case, your father can draft a will and declare her as the beneficiary to the property. after your father's death, your mother can probate the will and claim the property.
take care.