Legal Question in Real Estate Law in New York
co habitation deed
If a mortage in my partners name, can the deed be out to both him and I ?
Asked on 10/22/02, 8:02 am
2 Answers from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: co habitation deed
Usually another name can be added to the Deed after the mortgage is finalized. You should advise the mortgage lender of the recording of the new Deed after it is recorded. This can be done provided the original borrower is still in title.
Answered on 10/22/02, 9:47 am
David Slater
David P. Slater, Esq.
Re: co habitation deed
yes, provided there is nothing in the mortgage agreement to prevent it.
Answered on 10/22/02, 9:52 am
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