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Guest

I bought rdp house from t kabini and what is left to transfer my name to the deed.the house ispaid up.what must i do to change names.

jameshogg · Posted: Sun Aug 23, 2009 10:55 pm Post subject:

Hi bafana,

You will have to ask the present owner of the property to transfer the property to you with the help of a warranty deed. Once the owner does so, notarize and record the deed at the county recorder's office.

Thanks

tall28qt · Joined: 29 Aug 2009 Posts: 3 2.23 Dollars($)

My mother and father had their name on the mortgage to my home that I was paying on. My dad died, I inherited half of the house along with half of the mortgage. They did NOT do a credit check on me. I was simply added and he was simply deleted with proof of a death certificate. The loan did not change at all. (same percentage, same loan amount, etc)

Niicss · Posted: Mon Aug 31, 2009 1:46 am Post subject:

If you want to remove your deceased father's name from the mortgage, you will have to refinance the mortgage in your name. Once you refinance the mortgage, you would be responsible for paying off the mortgage dues in full.

Posted: Mon Aug 31, 2009 4:35 am Post subject:

My dad passed away and his name was taken off his house mortgage without any refinancing and he left it to me and my name went on with my mom's name. All we did was show a death certificate.

gmakerley · Posted: Mon Aug 31, 2009 10:02 am Post subject:

ok...that's a strange situation, guest. what kind of lender was this?

Guest

I was preparing the ask the question about a loan assumption but you have already answered it in great detail. Thanks again.

autumn_limco · Joined: 05 Jan 2010 Posts: 11 2.36 Dollars($)

thank you for this information but still this topic is broad. what would be the advantage of selling a house than refinancing? would be both time and effort consuming?

gmakerley · Posted: Tue Jan 19, 2010 8:38 am Post subject:

selling a house versus refinancing? is this something that people actually think about?

"let's see...shall i sell my house or just refinance? should i cut my payments lower so i can afford them better, or just take my money and run? maybe i could go with a 15 year loan so i won't have a mortgage forever or else i can sell the house and not have a mortgage at all! yeah...that's the ticket...i'll just rent a one-bedroom apartment for a thousand dollars a month...cool!"

Guest

Recently co-signed as borrowers on a house for daughter.Please advise what could happen if for any reason payments could suddenly not be made.. Would they be able to take our mortgage free house,, or what would they do?

gmakerley · Posted: Sat Feb 20, 2010 9:58 am Post subject:

babs, have no fear about losing your home. keep on top of your daughter as best you are able to ensure that she doesn't run into difficulty, therefore putting your finances in jeopardy. that's the only worry you may have - your finances. i say "shame, shame" on the lender who neglected to inform you of your precise obligation here. you are fully obligated on the loan you just cosigned; the lender does not have to look to your daughter for payments, and they can actually seek payment from you at any time (in theory). the practice, however, is that they'll send statements to her and she'll make payments regularly.

if she defaults, your risk is that you'd have to begin making payments so as to avoid a foreclosure on her home. yours will not be jeopardized.

inteltech2008 · Joined: 17 May 2010 Posts: 13 2.34 Dollars($)

Hi eric ,
Its a helpful information for me , and others thanks alot.

Guest

Thanks for the answer, have a good day.

Guest

Thank you, williamdona2001, I just did that with my lender. There aren't many lenders around that will do this but mine did. I had a conventional fixed rate mortgage with my ex-husband (divorce just finalized). The lender did a credit check on me, my ex did a quit claim on the deed and the lender had me sign a release of liability form releasing my ex from any obligation. It only cost $250 - no closing costs. So I was able to keep existing mortgage (and rates are down a bit but not enough to warrant refinancing).

kristinthomas21 · Joined: 06 Aug 2010 Posts: 5 2.00 Dollars($)

By finding low-cost loan refinancing can be an uphill struggle for the current state of the U.S. economy and housing market. Unless the current lender agrees to voluntarily remove their names and current loan ex-husband, the best thing you can leave your mortgage name yet. When the 'wrapper retrieves the current depressed state should increase the value of your home, we hope to provide enough capital to refinance the house in good conditions, without significant gains.

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How To Remove A Name From A Mortgage