---

selling on contract

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
katb Guest	Posted: Tue Apr 20, 2010 8:21 am    Post subject: selling on contract Like 0 Dislike 0 we are wanting to sell a home to our son who has been renting it for the past year. We have permission from the mortgage company to do a quick claim deed, the son will be making the existing mortgage payment, will he be able to claim the interest paid on the mortgage? Anything else we need to complete? (Indiana) _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Tue Apr 20, 2010 11:34 pm    Post subject: Like 0 Dislike 0 Hi katb, Your son will have to refinance the mortgage in his name in order to claim the mortgage interest in his taxes. Also, once he refinances the loan, he would become the sole one responsible for paying off the mortgage dues. Thanks

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0