In order to remove your name and your mother's name from the property deed, you can sign a quitclaim deed to your husband. But in order to remove your mother's name from the mortgage, your husband will have to refinance it.
If his credit is bad, he should try to improve it as soon as possible and then refinance it. To know about how to improve credit, check out the following link:
http://www.mortgagefit.com/credit-rating/credit-repair.html _________________ Procrastination is the enemy of your financial sucess
Gail Guest
Posted: Tue Feb 17, 2009 5:45 pm Post subject: quick claim deed
We are trying to buy a mobile home and my father in law owns the land and it is tied at the bank...can we do this so that we can get the deed for out loan to go through.
Posted: Wed Feb 18, 2009 1:29 am Post subject: improve credit score
Hi sweetheart,
You can get you and your mother's name off the deed and add your husband's name to it through a quit claim deed. But you need to take permission from your lender to do that. Now, your lender would not have any problem if your husband could refinance the house in his name and pay off the current debt. But the problem is his bad credit which might discourage the lender from allowing the quitclaim deed to go through. Thus it's better for your husband to improve credit score first and then have it in his name.
Deane Guest
Posted: Thu Feb 26, 2009 12:50 pm Post subject: I want my house back
I purchased a home and my friend agreed to let me put it in her name because my credit was bad. I have been paying the mortgage and all other bills pertaining to this. Now the friend is asking me to give her the deed to the house. How do I get her name off the deed?
It looks like your friend's name is both on the title to the house and on the mortgage and now she wants to remove her name off them. Well, you can get a quitclaim deed signed by her through which she would transfer the title to you and then you can get it refinanced in your name.
Dorothy Jackson Guest
Posted: Mon Sep 21, 2009 3:34 pm Post subject: refinancing after a quickdeed
If my son quick deed his house to me, how long do I have to wait to refinance it
You can refinance the property after your son quitclaim's the property to you. You'll not have to wait for a refinance after he signs the quitclaim deed. _________________ Procrastination is the enemy of your financial sucess
adonis
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