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Updated over 7 years ago on . Most recent reply

User Stats

20
Posts
2
Votes
Yangjee Sherpa
  • Investor
  • Santa Fe, NM
2
Votes |
20
Posts

BP Family...Your input matters and have helped me so much.

Yangjee Sherpa
  • Investor
  • Santa Fe, NM
Posted

So...the story is, not gonna be long :) I and my partner recently bought this house but the mortgage is only under my partner's name ( I currently live in the house with my partner) . We recently made a document called "Tenants in common" deed to have as a proof that I have 50% ownership. We have to live at least a year to be able to give for a rent.

Now we are thinking of going different direction. Is there any way I can transfer the whole property under my name and even the mortgage so my partner can go ahead and look for another property. I am trying to find a way so that I do not have to pay another closing fee and my partner can able to buy another house without showing any obligation to current property mortgage.  

Thanks in advance. 

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