---

FHA mortgage and title

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
cherfilst Joined: 14 Apr 2009 Posts: 2 1.57 Dollars($)	Posted: Tue Apr 14, 2009 2:47 pm    Post subject: FHA mortgage and title Like 0 Dislike 0 Hi, If I am getting and FHA loan, can I add someone else to the title? My sister and I are going to live together, but the mortgage will be in my name due to her credit. Thanks,
mtgfixit Joined: 13 Apr 2009 Posts: 73 28.11 Dollars($)	Posted: Tue Apr 14, 2009 2:56 pm    Post subject: Like 0 Dislike 0 Cherfilst, Yes, you can add someone else's name to the title, just have your attorney prepare a Quit Claim Deed and you can record it Keep in mind that even though he or she will be added to the title, whom ever is on the mortgage is responsible for making the mortgage payments _________________ Karla A. Sitko Sr. Mortgage Banker "Your Interest Is My Priority!" www.LowerMyMortgageRateNow.com
cherfilst Joined: 14 Apr 2009 Posts: 2 1.57 Dollars($)	Posted: Tue Apr 14, 2009 2:59 pm    Post subject: thanks Like 0 Dislike 0 I was told that because it is an FHA we couldn't do that. We are in MA.
mtgfixit Joined: 13 Apr 2009 Posts: 73 28.11 Dollars($)	Posted: Tue Apr 14, 2009 6:16 pm    Post subject: Like 0 Dislike 0 After closing you can add whom ever you want on title _________________ Karla A. Sitko Sr. Mortgage Banker "Your Interest Is My Priority!" www.LowerMyMortgageRateNow.com
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Thu Apr 16, 2009 1:01 am    Post subject: Like 0 Dislike 0 Hi cherfilst, It depends on what kind of loan you are taking. Most of loans come with a 'due on sale' clause which allows the lender to call the entire amount of loan due if any change is made to the title. Thus, you might not be allowed to add your sister to the title, if she is not on the loan.
mtgfixit Joined: 13 Apr 2009 Posts: 73 28.11 Dollars($)	Posted: Fri Apr 17, 2009 8:31 pm    Post subject: Like 0 Dislike 0 Cherfilst, I have never had a problem or actually heard of a lender calling the loan due in full based on adding someone to title after closing. It would be in your best interest to consult your attorney, he/she will see all of your closing docs and know which direction to point you in. He or she may even suggest a putting your home in a trust. _________________ Karla A. Sitko Sr. Mortgage Banker "Your Interest Is My Priority!" www.LowerMyMortgageRateNow.com
dilipgagare Joined: 26 Mar 2009 Posts: 58 0.01 Dollars($)	Posted: Tue May 05, 2009 8:40 am    Post subject: Like 0 Dislike 0 Hi, Yes you can add other name as title but you need to follow some rule for that.But when you will get brank down your name that time you will get problem . regards Dilip

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0