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    ethanheidi's Avatar
    ethanheidi Posts: 1, Reputation: 1
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    #1

    Oct 16, 2008, 04:31 AM
    Adding someone to home title
    My Mom wants to add me to her home title. She still has a mortgage on the house. Can she add me and if she does will it change anything? Does it cost to do this?
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #2

    Oct 16, 2008, 05:46 AM
    See this post:

    https://www.askmehelpdesk.com/real-e...eed-91136.html
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Oct 16, 2008, 05:55 AM
    I think you mom might want to rethink this. As the link notes, she has to "sell" you a share of the property. Such a sale will have tax consequences. It would also need to get the approval of the mortgage lender because there is probsably a due on sale clause in the mortgage.

    It may work out better to leave you the property in a will. Or to create a trust.
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