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can he add me to deed

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Post Posted: Thu Aug 06, 2009 10:31 am    Post subject: can he add me to deed
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friend lives in condo in Washington DC. can he add me to his deed without going thru mortgage company? what is the process?
Icon Mini Profile erickinney01





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Post Posted: Thu Aug 06, 2009 11:09 am    Post subject:
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he can do it by signing a quit claim deed. but he needs to inform mortgage company about otherwise they may consider it as a case of fraud
Icon Mini Profile jameshogg
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Post Posted: Thu Aug 06, 2009 8:44 pm    Post subject:
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Hi Guest,

I agree with Eric. A quitclaim deed can be used to add your name to the property deed. As there would be a change in the ownership of the property, your friend should inform the lender about it. The lender may want both of you to refinance the property in your name.

Thanks
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