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    srpowell's Avatar
    srpowell Posts: 2, Reputation: 1
    New Member
     
    #1

    Apr 28, 2014, 06:27 PM
    Contract to Buy a Home
    I am trying to pay off my mothers refinance loan and my banker told me I would need a contract stating she is selling me the home, so I need to know what or how it will need to be worded.
    srpowell's Avatar
    srpowell Posts: 2, Reputation: 1
    New Member
     
    #2

    Apr 28, 2014, 06:41 PM
    Contract to Buy a Home
    I put she refinanced but it is a home equity loan and the banker said I needed to have a contract stating she wants to sell the home so I need to know how to word or what needs to be stated.
    ma0641's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
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    #3

    Apr 28, 2014, 06:43 PM
    Get a state approved contract for sale of a house. Staples and other similar stores have them in stock.
    smoothy's Avatar
    smoothy Posts: 25,495, Reputation: 2853
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    #4

    Apr 28, 2014, 06:44 PM
    You need to keep responses on your original thread instead of creating new ones.
    ScottGem's Avatar
    ScottGem Posts: 64,970, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #5

    Apr 29, 2014, 04:48 AM
    If you are trying to get the mortgage in your own name, that'st NOT a refinance. And, yes, she has to sell the house to you. Any real estate agent can draw up a simple contract of sale. But then the property will now be deeded in your name.

    Is the problem that she won't qualify for a refinance? Can you simply co-sign the mortgage?

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