Compare Mortgage Quotes

fkwillette · Joined: 30 Jan 2011 Posts: 1 1.37 Dollars($)

I co-signed a mortgage loan for my daughter in 2008. Since then her hours were cut and she has gone through great financial difficulty and I have paid the mortage more or less the past couple of years. My daughter agrees tht she needs to remove her name & bad credit from this property and hand it over to me so that I can refinance. I am paying two mortgages at this point. What is the best route to take my daughters name off of the property? She received a tax credit refund for purchasing a property in 2008. What will happen with tax rebate that must be paid back over the next 15 years? Will this become automatically due? She does not have the resources to pay for this. Can this be declared in bankruptcy if she were to do so?

jameshogg · Posted: Sun Jan 30, 2011 10:02 pm Post subject:

Hi fkwillette,

You should ask your daughter to sign a quitclaim deed in order to remove her name from the property deed. Once her name is removed from the property deed, then you will be able to refinance the mortgage in your name.

Thanks

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Compare Mortgage Quotes

Quitclaim deed - is this the best option

Helpful References

Our Community

Community Rewards

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1