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    nanylic14's Avatar
    nanylic14 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 2, 2008, 08:05 AM
    How can I acquire a house deed?
    My boyfriend and I are thinking about taking over the payments of his cousin's house since he cannot pay for the house anymore. How can we go about all the legalities and make the house legally ours?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jun 2, 2008, 08:11 AM
    You have to work through his mortgage lender. Any change in the ownership of the property could trigger a call of the loan (meaning the entire amount is due). If the loan is assignable, the lender should be willing to allow you to take over the loan and then your cousin sings a quit claim deed deeding the property to you. Even if its not assignable, they will probably be willing to work with you to avoid foreclosure.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #3

    Jun 2, 2008, 08:12 AM
    Hello nanylic:

    You have to buy it. I'd hire a real estate attorney to do it for you. Shouldn't cost but a couple hundred $$'s.

    excon
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