| Author |
Message |
|
|
 jamd
Joined: 19 Dec 2007
Posts: 1
1.65 Dollars($)
|
 Posted: Wed Dec 19, 2007 8:01 am Post subject: Property Transfer |
|
|
| What are the steps to processing an assumption and transfer of property and mortgage to daughter once mother has passed. If the daughter's assumption is approved by the lender and the transfer agreement is signed, is there a closing or anything like that invloved in Texas. Does the attorney just process paperwork and that's it? |
|
| |
|
 |
jheard
Moderator
Joined: 12 Dec 2007
Posts: 221
Location: Houston, TX
44.54 Dollars($)
|
| Posted: Wed Dec 19, 2007 12:34 pm Post subject: |
|
|
If the estate is in probate, you must transfer the property that way. Otherwise, you can file an "affidavit of heirship" and transfer the property that way. You should consult with a local probate attorney.
_________________
This is not legal advice and I am not your lawyer. This information is provided for discussion purposes only in this forum. State and local laws may vary. Consult with a local attorney to see how your laws may apply to your specific situation. |
|
| |
|
|
jenkin7
Joined: 04 Jun 2007
Posts: 880
131.00 Dollars($)
|
| Posted: Thu Dec 20, 2007 4:32 am Post subject: |
|
|
Hello Jamd,
I don't think there's closing cost associated with an assumption. But as far as I know you have to pay an assumption fee.
You should consult your lender to get further information on this. |
|
| |
|
|
larry
Joined: 27 Jun 2007
Posts: 2598
349.41 Dollars($)
|
| Posted: Sat Dec 22, 2007 3:08 pm Post subject: |
|
|
Hi Jamd,
Welcome to the forum.
I agree with Jenkin that there is no closing cost associated with assumption but you need to pay the assumption fees.
Best of luck
Happy Holidays |
|
| |
|
|
rap3304
Guest
0.10 Dollars($)
|
| Posted: Tue Jan 01, 2008 11:04 am Post subject: Transfer of deed |
|
|
| I inherited a property but have never transfered the ded into my name at the county courthouse. It went through probate. What do I need to do to get the name changed on the deed? |
|
| |
|
|
larry
Joined: 27 Jun 2007
Posts: 2598
349.41 Dollars($)
|
| Posted: Tue Jan 01, 2008 12:18 pm Post subject: |
|
|
Hi,
Welcome to the forum.
If you have gone through the probate, that is good for you. Now you need to go to the court house and affidavit the deed to your name. Contact an attorney in this regard.
Thanks,
Larry |
|
| |
|
|
lisascherzer
Joined: 04 Jan 2008
Posts: 575
66.11 Dollars($)
|
| Posted: Sun Jan 20, 2008 6:47 pm Post subject: |
|
|
Check the mortgage paperwork for an assumption clause. I would add your daughter to title with a surviorship deed to avoid probate. After death, the daughter can apply for the assumption. If the assumption is not granted then she can apply with any lender to refinance and pay off the current mortgage at that time.
_________________
Lisa Scherzer
Allpointe Mortgage
Expert Mortgage Broker
440-521-7060
Get
Mortgage Quotes
Compare 100+
Mortgage Lenders Here
Find
Real Estate Agents |
|
| |
|
|
