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Add a name to my deed

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Salp13 Guest	Posted: Tue Dec 07, 2010 3:25 pm    Post subject: Add a name to my deed Like 0 Dislike 0 My wife and I live in Camden County, NJ and we would like to add our daughter to the deed are there ant special requirements to do this other than filing a quit claim deed????? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Tue Dec 07, 2010 5:27 pm    Post subject: Quitclaim Like 0 Dislike 0 Do you have a mortgage on the property? If you have a mortgage and add someone to the deed, you will have technically triggered the due on sale clause in your mortgage. That means if the lender finds out, the lender can call the loan due in full. Best check with the lender to see if they have any procedure which allows adding someone to the deed. If you add someone to the deed and always pay on time, probably nothing bad would ever happen because the lender would never find out, but, that is not an action you should take. _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278

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