QUESTION
can a house & property be signed over to a family member if it has a mortgage on it?
Asked on Jul 08th, 2013 on Estate Planning - North Carolina
1 ANSWER
3 Awards
most mortgages have "due on sale" clause which prohibits changing the name on the deed without approval of the lender/mortgagee. you probably should ask the mortgage company for approval.
Answered on Jul 08th, 2013 at 6:55 PM
William R. Pelger, Attorney Munhall, Pennsylvania 412-461-1900