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Hi, I am purchasing a property from my uncle and will be using owner finance. His name will still be on title and the deed. My questions is, can we use a quit claim deed to add my name to title, even though my name is not on the loan or deed? If not, what other option do I have to add myself to title?

savior70 · Posted: Thu Oct 15, 2009 5:47 am Post subject:

Hi Juan,

Owner financing is definitely a good option for those who do not immediately qualify for a loan. You will not be able to get the full title to the property until you fulfill the terms of the owner financing agreement. However, if you want your name to be added to the title, a quit claim deed can definitely be used. Since there is a mortgage on the property, the lender's permission would be required while adding your name to the property deed.

Guest

I am purchasing my brother's home which is paid for through owner finance. Can he put my name on the deed since the house is paid for.

greggwyburn · Joined: 13 Sep 2009 Posts: 60 0.00 Dollars($)

he can do it using quit claim deed

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Quit Claim Deed for a Purchasse on a Owner Finance Property.