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Transfer a Mortgage

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corangin23 Joined: 19 Oct 2010 Posts: 1 1.30 Dollars($)	Posted: Tue Oct 19, 2010 8:47 am    Post subject: Transfer a Mortgage Like 0 Dislike 0 currently I have own a COOP in Queens, NY. The shares are in my name and my mothers name. The mortgage is only in my name and line of credit in my name. I want to take my name off the mortgage and line of cred and put her name on the mortgage and line of credit. How can I do this?
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Wed Oct 20, 2010 1:19 am    Post subject: Like 0 Dislike 0 Hi corangin, Your mother will have to refinance both the mortgages in order to remove your name from the existing mortgage docs. Your mother should contact the local lenders and apply for a mortgage refinance. Thanks

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