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KittenG224 · Joined: 11 Aug 2008 Posts: 1 1.64 Dollars($)

Hi. I was wondering if my dad would be able to sign his house over to my husband and I. Or would it be possible to buy my father's home for what he owes on it? He's going through hard times right now, and the house has almost went to foreclosure. He says he wants to put the house on the market the beginning of the year, but I want it. How could we work it out so that my husband and I would be able to keep it?

sweeney · Posted: Mon Aug 11, 2008 6:37 pm Post subject:

Hi and welcome to the forum. You can just purchase it from him. You set the price at whatever you want (as long as it appraises for at least that much), and structure it so he walks away from closing with nothing or very little, as long as he's ok with that.

Niicss · Posted: Tue Aug 12, 2008 3:51 am Post subject:

Welcome Kitten.

You can pay off the mortgage company or refinance the mortgage on your name and your father can quitclaim the property to you. Thus you can save the property and also your father's credit. So talk to the mortgage company and inform them that you going to pay them off or willing to refinance the mortgage on your name and take the necessary steps. By the way, is your father willing to quitclaim the property to you? How much equity does your father have on the property?

Guest

I was just wondering if it is possible to sign over a home like a car? If it is possible to "take over payments" like when you sign over a title to a car?

Niicss · Posted: Mon Aug 18, 2008 4:36 am Post subject:

Welcome Guest.

You should use a quitclaim deed to transfer the property. But the quitclaim deed will not transfer the mortgage. So the grantee should refinance the mortgage on his/her name.

Let me know if you have any further queries.

Guest

My Aunt wants to give me her house. The house is paid off, no mortgage. What do we need to do?

jameshogg · Posted: Tue Jan 06, 2009 12:14 am Post subject:

Hi Marsha,

Your aunt can sign a quitclaim deed and give away the property to you. Sample quitclaim deed forms are available online however consulting an attorney and drafting a deed from him will be better. Once the deed is filled out, you will have to notarize it and record it at the county recorder's office.

Thanks

Guest

their seems to be increased companies that are advertizing that persons can find homes that are in pre-foreclosure and all you would have to do is take over the homeowners' mortgage payment with no hassles or a CREDIT check. is this real.

adonis · Posted: Wed Apr 08, 2009 11:05 pm Post subject:

Hi garry,

There are a lot of properties which are being foreclosed upon these days due to non-payment of mortgage. However, I don't think one can purchase them without credit check. In order to assume the mortgage, you should have good income and excellent credit.

Guest

can you tell me what forms do i need to do a quick claim deed to my mother in MO. I now live in Phx, AZ and dont want the house any more she is taking over payments. thanx

Niicss · Posted: Thu Jul 30, 2009 2:01 am Post subject:

As the property is located in MO, you'll have to use a quitclaim deed form of MO to transfer the property to your mother. You can either use sample quitclaim deed forms available online or can take an attorney's help to draft the deed.

Guest

i own a property which still has an outstanding morgage on it. i want to sign over the deeds to my mother, how do i arrange this and is it possibe

smithsussane · Posted: Wed Aug 19, 2009 9:46 pm Post subject:

Hi j jones!

Welcome to forums!

You should sign a quitclaim deed in your mother's name in order to transfer the property to her. Once the deed is filled out, get it notarized and recorded at the county recorder's office.

Feel free to ask if you've further queries.

Sussane

Guest

I would like to own a home by finding someone that wants out so that they can sign over the deed to me so that i may rent the home out. is the process that easy and what will it cost me to do??

smithsussane · Posted: Wed Oct 21, 2009 10:15 pm Post subject:

Hi margaret!

Welcome to forums!

You'll have to purchase the property from a seller and transfer it in your name first. If the property has a loan on it, then you will have to refinance it in your name. Then you can find a tenant and rent off the property.

Feel free to ask if you've further queries.

Sussane

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Signing over deed to home