Legal Question in Real Estate Law in New York

Putting my home in my childrens name.

My home is in my daughters & my name. (Mortgage & Deed) I want to turn my half over to my son, or my daughter, in case something happens to me, everything will already be in their names. I will continue to pay mortgage.


Asked on 12/29/06, 9:03 am

2 Answers from Attorneys
Robert R. Groezinger GroezingerLaw P.C.

Re: Putting my home in my childrens name.

It can be done but technically, that is a breach of the mortgage. The lender, if they find out, will be permitted to call the Note.

Good Luck

RRG

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Answered on 12/29/06, 9:30 am
Arnold Nager Arnold H. Nager, Esquire

Re: Putting my home in my childrens name.

A new deed will have to be prepared conveying your interest to your son.

You should also get the permission of the mortgage lender, but that should not be a problem.

This post is not legal advice and does not create an attorney-client relationship. It is a comment on the legal question posed by the poster and should not be relied upon in any way. All readers are advised to consult an attorney to address their specific legal concerns. Additional facts not disclosed in the original question might result in a different answer.

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Answered on 12/29/06, 12:10 pm


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