Can I transfer a property that has a line of credit attached to it? - property transfer records
My mother wants to transfer his home in California for me. I want to create a script for it and save. There is a small line of credit will continue his payments until the full payment to make. Can I take up later on this circumstance without problems?
Wednesday, January 20, 2010
Property Transfer Records Can I Transfer A Property That Has A Line Of Credit Attached To It?
3 comments:
Call your company and ask, or consult a real estate agent. If it is in the heading to be with you, there should be no problem. If you keep on the title to see a specialist. Has all the request that the lender may require that the amount is paid. You really need professional advice.
If your seriously the act itself, to do it, then you should have your mother, by all to avoid legal consequences. Technically, it is a transfer of ownership, so security must be clear when the transfer and not what is coming. I strongly recommend that you do not complete self-made, I have seen too many people you try it in California and was not done correctly, then try to refinance and to establish a transmission chain of title. I urge the choice of a lawyer of the situation and see if they could complete the script for you. Where stubbornly do it myself, remember that in California there is a form of transfer must be completed, and if you transfer the title of the mother, you have to pay taxes if the community can and will subsequently
It can not be transferred to you, but you can add the title. Until the lien is paid, it must be in the title.
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