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If your daughter gets a mortgage and puts my nmae on the title with hers can the mortgage company ask for balance in full because she changed the title?
Wiki User
∙ 14y ago
If the mortgage was not taken out in both of your names, and your name was added after the mortgage closed and funded, yes, the lender may have cause to accelerate the loan and ask it to be paid off.
The lender and the title agency asks for full disclosure as to who has interest into the property at the time the property is sold or taken a mortgage against.
If your name was on the mortgage, and you signed the mortgage (perfected title) and the lender approved a new deed adding you to be simultaneously recorded with the mortgage, you are fine.
If you are added after the fact, the terms of the loan may be subject to default.
Wiki User
∙ 14y ago
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