2007-07-09 06:26:40 · 9 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
"transfer"? If you bought it and have a mortgage on it, you can deed it to another person; but you'll either have to pay off the mortgage, or have it assigned to the new owner. If you took title clear with no mortgages, you can do whatever you want.
2007-07-09 06:30:40 · answer #1 · answered by wizjp 7 · 1⤊ 0⤋
Do you own the property free and clear?
If you do the answer is yes.
If not, you can add people to the title, but you cannot transfer your name off the title without the permission of the lender, if your name also appears on the mortgage.
2007-07-09 14:14:52 · answer #2 · answered by Expert8675309 7 · 0⤊ 0⤋
If it is not used as collateral for a mortgage, personal loan, etc., and there are no by-laws which require approval by the condo association, or national/regional laws preventing it --- I don't see any impediments
2007-07-09 13:32:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Can you transfer? Yes. You just have to do all the nitty gritty paperwork to be filed and registered along with the deed of sale, which will be for show if you are simply giving it away to avoid inheritance tax.
2007-07-09 13:37:00 · answer #4 · answered by raebert s 3 · 0⤊ 0⤋
Yes, you can transfer the title but you cannot transfer any mortgage debt.
2007-07-09 13:40:35 · answer #5 · answered by mazziatplay 5 · 0⤊ 0⤋
Sure. The process is known as "selling a condo."
2007-07-09 13:34:19 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
If it has a mortgage on it, then no, not unless you sell it to them or they also agree to/qualify/and can take over your mortgage. If you own it outright, then you can do a quitclaim and pass it on.
2007-07-09 13:33:12 · answer #7 · answered by sortaclarksville 5 · 0⤊ 0⤋
Yes you can-
2007-07-09 13:40:38 · answer #8 · answered by Anonymous · 0⤊ 0⤋
no, unless you have no mortgage....
2007-07-09 13:51:20 · answer #9 · answered by Sergio S 2 · 0⤊ 0⤋