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Updated over 2 years ago,

User Stats

69
Posts
54
Votes
Addam Driver
  • Investor
  • Atlanta, GA
54
Votes |
69
Posts

On the Deed, Refinance, Take over... Attorney needed.

Addam Driver
  • Investor
  • Atlanta, GA
Posted

Hi BP,

Scenario:  

I am taking over my Dads commercial property.  He has the mortgage and wants to add me to the deed.  At some point, I want to take over 100%.  

Questions:

1. When I'm added on the deed, do I have to "finance" and put another percentage down? or can I just "refinance" w/o having to do that?

2. Is there a time requirement to be on the deed before I can actually finance/refinance 

3.  Any Real Estate Attorneys in TN that can help me with this deal?

We are looking to do this in the next week or so.  I've never done this before, so I thought I'd reach out to my BP Folks for help.

Any help is appreciated.

Cheers!

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