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Thread: if transfer pivate property to parents...the loan also need to transfer?

  1. #1
    Join Date
    Jun 2011
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    207

    Default if transfer pivate property to parents...the loan also need to transfer?

    example I am serving my mortgage for my private property....can I transfer the unit to my parents(remove my name from the unit) but the current mortgage loan I still serving?

  2. #2
    Join Date
    Jun 2009
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    Default

    Ask the bank.

  3. #3
    Join Date
    Apr 2011
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    533

    Default

    IIRC once u had transferred..it's freeeeeeeeeeeeeeee!

  4. #4
    Join Date
    Jun 2011
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    Default

    Quote Originally Posted by flagship74 View Post
    IIRC once u had transferred..it's freeeeeeeeeeeeeeee!
    free? what you mean?

  5. #5
    Join Date
    Apr 2011
    Posts
    1,099

    Default

    All borrower must be mortgagors

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