Posted on: 06th Aug, 2009 10:31 am
friend lives in condo in Washington DC. can he add me to his deed without going thru mortgage company? what is the process?
he can do it by signing a quit claim deed. but he needs to inform mortgage company about otherwise they may consider it as a case of fraud
hi guest,
i agree with eric. a quitclaim deed can be used to add your name to the property deed. as there would be a change in the ownership of the property, your friend should inform the lender about it. the lender may want both of you to refinance the property in your name.
thanks
i agree with eric. a quitclaim deed can be used to add your name to the property deed. as there would be a change in the ownership of the property, your friend should inform the lender about it. the lender may want both of you to refinance the property in your name.
thanks