Transfer of Ownership without Escrow: It can be done with cautio

來源: Hadrian 2020-02-21 10:03:24 [] [舊帖] [給我悄悄話] 本文已被閱讀: 次 (1076 bytes)
回答: Ownership change questionmeowi2020-02-20 20:21:57

This is my first post.  Yes you can get a quick claim deed from your partner but you'll need to request a loan assumption from the mortgage lender to get his name off the loan, which may not be as easy.   The mortgage company may or may not like this, largely depend on your creditworthiness.  If not you may have to refinance or leave your partner's name on mortgage (which may not be as desirable for him).

Here are things to consider.  Caution: if you don't fully understand, please seek professional help.

To transfer title, first thing is to select a date.  Besides sales price, you'll need to prorate all income and expense items, i.e., rent income, property taxes, HOA etc.  All fees and expenses related to the transfer can be NEGOTIATED between yourselves.  Basically you'll save escrow fee this way.

People go escrow route because nobody trusts anybody else.  If you trust each other, and you know how to do this, you can handle this amicably.

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