Joint Property Transfer
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 Nov 22 2017, 12:40 PM, updated 9y ago
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#1
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Junior Member
447 posts Joined: Jan 2003  
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I had a property under joint ownership and still servicing the loan. The loan is also under the joint name as well.
Question 1. If I were to get one of the owner to transfer out the ownership to me, what are the procedure? 2. What are the cost effective way if this has to involve the joint loan? Refinancing? Thanks |
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Nov 22 2017, 01:25 PM
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#2
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Junior Member
447 posts Joined: Jan 2003
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QUOTE(hanhanhan @ Nov 22 2017, 12:52 PM) » Click to show Spoiler - click again to hide... « it has to involve the joint loan. the cost effective way would be refinancing, 1 - transfer the house to new owner 2.- the 'new owner' take a loan to refinance the house  step 1 - transfer to new owner step 2 - refinance Any duration/timeframe for to execute both or it has to happened at the same time? |
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