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sunil87020 · Joined: 04 May 2009 Posts: 339 26.96 Dollars($)

Hi community below is my sister's query she is in california Please guide
" i sold my house 9/06 to my boyfriend at that time. he lost his job and fell short on the payments, since then he owned another home and did a "short sale", he paid his first off, but not the second. 2 months ago the 2nd lender (citifinancial) gave him a "special circumstance" approval to wrap the loan around the property i sold him. on monday april 9, 2006 day before the house taxes were due, he asked me (now ex-boyfriend) if i wanted the house back, he "grant deeded" the home back to me 100% and was recorded the same day. my question is, i paid the taxes, however im a bit nervous about the closing of the second. citifinancial did obtain title insurance 2 months ago, however they are not aware of the change of title "grant deed", am i going to be responsible for the loan? My name is not on the loan at all, only the 1st. i feel like he did this to get out of paying the 2nd completely. we are in california"

millerja9 · Joined: 19 Jun 2009 Posts: 100 0.00 Dollars($)

My advise to your would be to contact Citifinancial and speak with some one regarding this. You might also want to check with a Real Estate Attorney. The issues here are the grant deed might be ok to add you to title but the mortgage might still be in your ex boyfriends name, some loans are not assumable and if the current first motgage company finds out they can call the loan due. You will then need to refi the home in your name, the property will then show both leins on it and you will be responsible for the second. Good Luck, you will need to do a little leg work to protect yourself

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