 | 
11-27-2004, 11:43 PM
| | | | Need to refi
What is the name of your state? CA
I purchased a house with my two brothers about 5 years ago and wanted to refi. I have been living and paying all the bills and mortgage payments since we bought the house. I need to get some cash out to reconsolidate my bills. How can I refi the house under my name only and get my brothers names off the deed? Any suggestions would help. |
11-28-2004, 07:52 AM
| | Senior Member | | Join Date: Jun 2000 Location: Somnambulist University
Posts: 39,534
| | Quote: |
Originally Posted by 1ownerbuilder How can I refi the house under my name only and get my brothers names off the deed? | Very simple. Have both of them 'quick deed' the property to you.... then you will be the sole owner. After that is done, get a refi loan.
__________________
There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution).
Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport!
|
11-28-2004, 09:26 AM
| | Senior Member | | Join Date: May 2000 Location: Catatonic State
Posts: 75,781
| | | My suggestion would be to buy the brothers out via making a written offer, getting it accepted, then applying for purchase financing. |
11-28-2004, 01:47 PM
| | Senior Member | | Join Date: Jan 2003
Posts: 19,148
| | Quote: |
Originally Posted by JETX Very simple. Have both of them 'quick deed' the property to you.... then you will be the sole owner. | JETX! What's a QUICK deed????
__________________
Adoptive parents ARE "real" parents. Sharing genes is not what makes you a "parent"!
|
11-28-2004, 06:51 PM
| | Senior Member | | Join Date: Jun 2000 Location: Somnambulist University
Posts: 39,534
| | Quote: |
Originally Posted by nextwife JETX! What's a QUICK deed???? | A 'Quick Deed' is a 'Quit Claim Deed' when I have typed too fast.... and didn't proof my post before hitting 'Submit Reply'.  
__________________
There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution).
Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport!
|
11-28-2004, 10:17 PM
| | | | Thanks JETX
I found a free quit claim deed online and will get my two brothers to each sign a copy. Will this form work for my situation? Here is the link to the free quit claim deed form.
[url]http://www.buyincomeproperties.com/html/QuitClaim.html[/url]
Looks very simple but will this be sufficient. |
11-29-2004, 12:47 AM
| | Senior Member | | Join Date: May 2000 Location: Catatonic State
Posts: 75,781
| | Quote: |
Originally Posted by 1ownerbuilder I found a free quit claim deed online and will get my two brothers to each sign a copy. Will this form work for my situation? Here is the link to the free quit claim deed form.
[url]http://www.buyincomeproperties.com/html/QuitClaim.html[/url]
Looks very simple but will this be sufficient. |
**A: you has better read the mortgage note for a due on sale clause. |
11-29-2004, 09:41 PM
| | | | Thanks Guru, will check.
I will check the mortgage note for any "due sales clauses." Is this the same as an early repayment penalty? | |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | | | | Thread Tools | | | | Display Modes | Rate This Thread |  Linear Mode | | 
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off | | | |
All times are GMT -5. The time now is 02:21 AM.
