In Florida how can someone be added to a property deed does the lender need to be notified and what happens to the mortgage if one of the title holder's die?
You Will Have To Refinance To Add Her To The Mortage And Deed.
The lien does not have to be refinanced in order to add someone to
the title. A "Quit-Claim" deed will need to be filed to add (or
subtract) someone from title. Any local title/settlement agency
should be able to assist you with this for a fee. The current lien
holder will not know about the addition of any persons to title
and, technically, in the event of death the lien can be continued
to be repaid (by your mother) without refiancing. * Please be
advised Quitclaim deeds do not assure a warranty or covenant of
ownership to the property. If the involved parties wish to assure
that the property will be protected from probate and other action
(such as creditors) upon the death of one of the owners, a
warranty/general deed is the best option, preferably as Joint
Tenants With Rights Of Surviviorship. It is usually not necessary
to inform the lender as the property is secured collateral for the
debt owed and the remaining deed holder's are responsible for the
debt or reaffirmation of the lending contract to prevent
foreclosure on the property.