of the house. What is the recommended way to do this? Should we get with a lawyer to do a act of donation from my dad first? Or do we put together a purchase agreement for the entire amount, and my dad tears his check up? Or does the purchase agreement only have to include my uncles amount? Kinda confused on what should happen so that it's easiest for all parties.
Thanks.
2007-06-14 13:48:06 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
As a Mortgage Advisor I would tell you to go to a lawyer and have your name added to the property first via Quit Claim. From here you just treat this as a Refinance going on the appraisal price. Your Uncle gets paid off and if you needed extra $$ then you pocket what you want based on the loan amount you ask for. Its a simple process. If you are near the state of NC feel free to contact me, see my sites below
2007-06-14 13:54:51 · answer #1 · answered by Anonymous · 0⤊ 0⤋
$100 get a lawyer
no one can answer this
please do not screw yourself
2007-06-14 20:55:33 · answer #2 · answered by Michael M 7 · 0⤊ 0⤋