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elderly parents

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DeAnna Guest 0.10 Dollars($)	Posted: Tue Sep 09, 2008 5:08 pm    Post subject: elderly parents Can they QD Their house over to us,we are making the payments because they cant afford it anymore.They will live out their lifes at the house.But my Q. is our credit is not to great at this time.Will the bank allow this?
adonis Joined: 22 Oct 2005 Posts: 1498 Location: ALASKA 145.26 Dollars($)	Posted: Wed Sep 10, 2008 1:53 am    Post subject: Welcome DeAnna, Your parents can quitclaim the house over to you. But the lender may object to such a transfer if there is a due-on-sale clause mentioned in your loan doc. _________________ Procrastination is the enemy of your financial sucess

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