Ask Experts Questions for FREE Help !
Ask
    richierico's Avatar
    richierico Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 4, 2009, 05:21 AM
    Can I sign my mortgage over to a family member
    Can I sign my mortgage over to a family member
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
    Expert
    		  
    #2

    Jan 4, 2009, 06:22 AM

    No you can't sign your mortgage over to a family member.
    sandkicker's Avatar
    sandkicker Posts: 43, Reputation: 3
    Junior Member
    		  
    #3

    Jan 16, 2009, 08:40 AM

    If the existing mortgage is an FHA loan, there is the possibility that they could "assume" the mortgage... however they would have to "qualify" for the loan on their own.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Jan 16, 2009, 08:48 AM

    This depends on the mortgage. YOU can't just sign it over. However, the lender can allow the family member to assume the mortgage. Such a clause would have to be written into the note or be agreeable to the lender. They would have to qualify as noted.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How long does it normally take for a family member to adopt another family member [ 6 Answers ]

:confused: I am in the process of adopting my nephew. I have had him since he was born and started the adoption in 05 I did home study, background check, etc in first year. Two years later I got transfer of custody. It is now going on the third year and the adoption is still not final. How long...

Family member pay [ 3 Answers ]

Ok, new business up and running, I have some family members ( son) who goes in various stores where I have my products and they help keep them looking good on the shelf. This son lives at home. I plan on paying him, but I am wondering, as a minor child, how much can they earn before they...

Eviction of a family member from a single family home [ 2 Answers ]

My brother who is about 37 years old lives with my father, sister and myself; my brother is an alcoholic and a drug addict and is verbally abusive to my father who is 71 years old and is also disabled. My father wants him to move out of the house; is there a specific amount of time, by law, that...

Bad family member [ 11 Answers ]

Hi gang, You all know I'm an old retired dude with a quacky sense of humor sometimes. I have loved being here with all of you and helping people who ask for it.. I've come to see us all as family and I also know we sometimes disagree, and that's fine because we are all different with different...

View more questions Search