Legal Question in Real Estate Law in California

ref# h490kWejxB, Im not trying to transfer ownership fradulantly, i'm trying to relenquish my financial standing and responsibility of the property to my sister who is willing and able to continue to pay the mortgage (although she my not have the credit wothiness to qualify for a loan. Will or can a bank or mortgage company allow that ?

(review: i'm filing b k, my sister is joint on the property, what will happen to property if she wants to keep it ? Loan is in my name only.)


Asked on 4/16/11, 1:25 pm

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Your first stop is at the lender's. It seems to me that your proposed deal absolutely requires the lender's full knowledge and prior approval. Further, the deal seems to me to make sense and I would think it's in the lender's best interest to work this out with you and your sister. Try the lender's loan-modification department.

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Answered on 4/16/11, 2:00 pm


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