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I Am "upside Down" On My Mortgage. I Have Someone Who Wants The House. Is There A Way To "transfer Ownership?
 The person who wants to buy your home would have to qualify for a loan in order to pay your loan off to transfer ownership of the house to said person.The only way he could "assume" your mortgage is if his credit score is high enough to qualify and the company who is holding your mortgage would agree to it. Chances of that are probably slim . Believe they would want to refinance the mortgage into his name. |
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by
tamarind  08 Jun 2008 03:06 |
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Yes its' called a quit claim deed.you can one at an city or a title company. |
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by
harpo 08 Jun 2008 19:17 |
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