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rucker_jackie · Joined: 21 Apr 2009 Posts: 9 3.37 Dollars($)

alabama my momwant to get home va loan from my ex the deed is in my name what do we need to do

gmakerley · Posted: Wed Nov 18, 2009 9:04 am Post subject:

your description of the situation is too vague for me to answer. try again, please.

rucker_jackie · Joined: 21 Apr 2009 Posts: 9 3.37 Dollars($)

In my divorce my ex had to quit deed the house but the mortgage is in his name my mom want the mortgage to be put in her name so how would we do this

gmakerley · Posted: Wed Nov 18, 2009 9:29 am Post subject:

so if i read this correctly now, you are the owner of the home, right jackie?
if you want your mom to take over your mortgage, and have be the owner, you'll have to go about that in a different fashion.

she can become an owner, but she'd have to go obtain a brand new mortgage - this would need to be done simultaneously. you won't be able to simply let her become the owner and think that takes care of the mortgage. i'm certain you have a due-on-sale clause in your mortgage that would require it to be paid in full upon transfer of title, so that's a stumbling block.

i hope i've shed enough light on this to help you.

rucker_jackie · Joined: 21 Apr 2009 Posts: 9 3.37 Dollars($)

who will pay closing cost my ex since the loan is his name or me because i am the owner

gmakerley · Posted: Wed Nov 18, 2009 10:14 am Post subject:

that sounds like something to be negotiated, frankly.

Posted: Thu Nov 19, 2009 3:06 pm Post subject:

do we need a real agent and why

Posted: Thu Nov 19, 2009 3:07 pm Post subject:

do we need a real estate agent

gmakerley · Posted: Thu Nov 19, 2009 9:11 pm Post subject:

you don't need a realtor to work on this for you - it's strictly a family deal after all. you'll need a lawyer, however.

wertupulo · Joined: 26 Nov 2009 Posts: 4 -12.18 Dollars($)

you want a good agent for home issue..

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