Subject 2 in Cali?

[Tou V.]

Just wondering all of you doing Sub2 transactions? Do you legally change the title to reflect you as the new owner? Reason is because I took over a house from a family member a few years ago and now would like to refinance it. It was basically a Sub2 deal with family so there weren't a lot of paper work, legal stuff, etc... Bank says I can't refi, because I'm not on title. They have 6-12 months seasoning rule, which I'd have to be legal owner. At that point they can then refinance. Problem is if I change title, then bank might find out and call loan due (slight chance), but probably not. I've been making payments for a few years now.