My grandmother bought our house with her name on the deed, and now there may be a problem with us having to move unless my sister's name can be put on the deed as well. The lawyer took my sister's social security number, so we're wondering if they have to do a credit history search to get her name on the deed or what, because my sister already told them she doesn't have good credit.
2007-02-27 09:03:23 · 4 answers · asked by Kim B 1 in Business & Finance ➔ Renting & Real Estate
Put it another way, if your sister had $50K in debt and grandma added her to her house - people with judgments can put liens on grandma's house.
If your sister has bad credit and judgments, grandma better not put her on the deed.
What does your grandma's house have to do with you and your sister moving?
2007-02-27 09:39:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The problem is your grandmother commited fraud and that's why she's got a lawyer. Your grandmother can't just go and buy a home with a loan rate for an owner occupied property and not live there. You live there, right? You and/or your sister must qualify for the loan and then be able to assume it to stop any foreclosure action due to fraud. Good luck.
2007-03-03 08:48:49 · answer #2 · answered by annazzz1966 6 · 0⤊ 0⤋
No, but any names on the deed that owes any creditors
can place a lien on the house. They go by names and SS# to place the liens
2007-02-27 09:16:01 · answer #3 · answered by Kim D 1 · 0⤊ 0⤋
They do credit check for the craziest things these days? It shouldn't matter if the house is paid off. Some people check your credit before they rent you a house.
2007-02-27 09:11:10 · answer #4 · answered by With My Forever 2 · 0⤊ 0⤋