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I am tranferring ownership of my home to my son.

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bazzstoney Joined: 05 Feb 2010 Posts: 3 1.64 Dollars($)	Posted: Fri Feb 05, 2010 3:28 am    Post subject: I am tranferring ownership of my home to my son. Like 0 Dislike 0 I am tranferring ownership of my home to my son. I have small mortage and a home equity loan out on the propery. How does my son go about applying for home equity to pay off my loans on the house?...I will be giving my son my home. Can he apply for a home equity to pay off my loans before we transfer ownership?
SSPINGARN Joined: 30 Apr 2009 Posts: 96 Location: MATAWAN NJ 16.95 Dollars($)	Posted: Fri Feb 05, 2010 8:06 am    Post subject: Transfer Like 0 Dislike 0 No the Home has to be deeded to him first this can be done with a quit clain deed.You should consult your attorney before doing this _________________ SCOTT SPINGARN BRANCH PARTNER RBI HOME LOANS 732-290-1888 WWW.RBILOANS.COM

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