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Is interspousal transfer needed to re-finance house from parents to son

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flofam_1010 Joined: 01 Apr 2011 Posts: 1 1.75 Dollars($)	Posted: Fri Apr 01, 2011 6:59 pm    Post subject: Is interspousal transfer needed to re-finance house from par Like 0 Dislike 0 Transferring property from parent to child once already married, is it nessasary to sign the interspousal form to re=finance if spouses credit is not good?
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Mon Apr 04, 2011 12:41 am    Post subject: Like 0 Dislike 0 Hi flofam, Interspousal transfer deed is used in order to transfer property between husband and wife. If you want to transfer your property to your son, then you can use a quitclaim deed or a warranty deed in order to transfer the property to your son. Thanks
flofam Guest	Posted: Thu Jun 02, 2011 3:57 pm    Post subject: Inter-Spousal Like 0 Dislike 0 When transferring from parents to son but needing to re-finance to get a better rate, is an inter-spousal needed of wife's credit was not good at the time?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Jun 02, 2011 11:12 pm    Post subject: Like 0 Dislike 0 Hi flofam! Welcome to forums! Inter-spousal transfer deed is used in case of property transfer between the spouses. It cannot be used in case of property transfer between parents and children. Property transfer has nothing to do with good or bad credit. Feel free to ask if you've further queries. Sussane
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Fri Jun 03, 2011 7:09 am    Post subject: Like 0 Dislike 0 Ditto, ditto here, but I'm not quite understanding the original query flofam. I think perhaps you're saying that the "wife's credit" is that of the distaff side of the Parents transferring title. Is that safe to say? Or is it that your son's wife (if any) has poor credit? In any event, the deed used to transfer ownership isn't impacted at all by good, bad or non-existent credit. Credit simply doesn't have anything to do with the transfer of ownership in a property. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

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