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Updated almost 2 years ago on . Most recent reply

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Property and loan Transfer

Posted

Hello,

I live in Los Angeles California and my dad wants to transfer his house to my name and the mortgage as well the he cannot refinance the house due to income not being stable but how can we transfer it to my name so I could refinance the house and make 2 more units in the back?

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326
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Carlos Valencia
  • Lender
  • 92703
536
Votes |
326
Posts
Carlos Valencia
  • Lender
  • 92703
Replied

You can do Warrantee deed, Quitclaim deed, Grant Deed. The strongest Deed is Warrantee best one to go with. The only way to change the name on the loan to yours is by refinancing. 

@Albert Bui

@Matthew Kwan

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