answersLogoWhite

0

In most states, it is not necessary for the mortgage holder to also be listed on the title of the home. For example, I may purchase a home for my mother...the mortgage is in my name, the title to the home is in hers. Of course, the lender/bank is the actual owner of the home until they are paid in full.

There are so many questions that have to be answered before a good answer can be given to you. Are you also going to be listed on the mortgage? If not, then the "other person" is essentially buying the home from you...or for you. In either case, you should start by contacting a mortgage broker (not a bank, they are very different) and telling them what you want to do. Since every state has different rules, they can tell you exactly what you need to do and they can also get your "other person" in to get qualified for a loan.

User Avatar

Wiki User

18y ago

What else can I help you with?

Related Questions

How can I refinance a car under another name?

To refinance a car under another name, the new person will need to apply for a new loan in their name and use it to pay off the existing loan on the car. This process typically involves a credit check and approval from the lender.


What is a person under control of another called?

Person under control of another is a puppet


What is associate company?

A company is associated with another company if one is under the control of the other, or if both are under the control of the same person or persons. Control is usually defined by reference to ownership of share capital, or voting power.


What is meant when one person is the ward of another?

A ward is a person under the care or protection of another person.


Can a car be reposessed if its under another persons name?

The car can not be under another's name legally. Cars with a loan must be in that person's name. If you bought a car that was not paid off and the loan was not cleared you bought the car and the loan. Yes, they can get the car. That is why they put liens in the car. It prevents anyone from buying the car!


Can a Person under 18 in California be employed to drive a motor vehicle?

Persons under 18 may not be employed to drive a motor vehicle.


what does hill arches the sculpture represent?

it represents a person that needs shelter so the persons under a shelter


What is the meaning of '' you''?

The pronoun of the second person, in the nominative, dative, and objective case, indicating the person or persons addressed. See the Note under Ye.


What is meaning of you?

The pronoun of the second person, in the nominative, dative, and objective case, indicating the person or persons addressed. See the Note under Ye.


Is it possible to refinance a car that is registered under someone else's name?

No, it is generally not possible to refinance a car that is registered under someone else's name unless the owner of the car agrees to the refinancing process.


What is a person guaranteed to have afair trail?

Under the US form of jurisprudence ALL persons are guaranteed a fair trial.


What is really meaning of you?

The pronoun of the second person, in the nominative, dative, and objective case, indicating the person or persons addressed. See the Note under Ye.

Trending Questions
Can you direct deposit my check to my wife EIN account? What is the difference between paying in full and settling in full How will my credit score be affected by each Which is better? Can a cosigner who resides in the home deduct on his income tax the property taxes on the home and the mortgage interest that he pays on the loan for that home? What is the secretary of state entity number for this business? Is British pounds sterling different from British pounds? Can you go to jail if the payday loan company threatens to use it as a bad check? Why do you think it's important for Capital One to calculate the disengagement factor of its employees when it comes to workforce planning? Are derivative transactions designed to increase risk and are used almost exclusively by speculators who are looking to capture high returns? Can you get an auto loan if you have bad credit? Does anyone have a review of Delta Trading Group? What does NOI mean in real estate? What is the swift code for bancorm branch in Cancun? How can I send and receive money efficiently and securely? Where can I find a calculator to calculate the gains from a dividend reinvestment plan? Making sentence for the word solvency? If a Virginia father dies with a large amount of credit card debt and the mother cannot pay the bills will the creditors take his farm? What are the importance of software development? How can one embark on loans refinance? How do you calculate a bank book value? How can I apply for interest free small loans?