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Being added to title to property in IL

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Rhonda Guest	Posted: Mon Sep 08, 2008 4:35 am    Post subject: Being added to title to property in IL Like 0 Dislike 0 I have lived in my current property for quite some time that I have been renting from my mother. She owns the property free and clear. She wants to include me on the warranty deed. Would we have to take out another mortgage or can I just be added to the warranty deed? She does not want to refianance at this time. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
sara Moderator Joined: 05 Jul 2006 Posts: 2650 Location: New Brunswick, New Jersey 489.32 Dollars($)	Posted: Mon Sep 08, 2008 5:05 am    Post subject: RE: Like 0 Dislike 0 If your mother simply wants to add you to the title, then signing over a warranty deed will do. There's no need to take out a mortgage when the property is free and clear. Take care _________________ Find me at FB: http://www.facebook.com/people/Sara-Jones/100002976822020
edwardd Guest	Posted: Fri Feb 18, 2011 1:21 am    Post subject: add to title Like 0 Dislike 0 what if the property isnt free and clear? Can I be added to property title without refinance?
jameshogg Joined: 20 Dec 2005 Posts: 10164 Location: Nevada 944.24 Dollars($)	Posted: Sun Feb 20, 2011 10:29 pm    Post subject: Like 0 Dislike 0 Hi edwardd, You can be added to the property title without refinance but it will be better to inform the lender about it. If the lender has any objections he will let you know that. Thanks

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