Legal Question in Real Estate Law in New York
Title and Deed
My husband needs to add my name to the title and deed to our home. How do we do it? What are the cost? We live in NYC. Will it create a problem as the mortgage is in his name, but I pay more than 25% of mortgage each month with his 75%.
We need to do this immediately.
1 Answer from Attorneys
Re: Title and Deed
The cost to prepare a deed conveying title to property is probably less than $500 including the cost of filing.
The bank holding the mortgage will have to agree as many mortgages have clauses rendering them payable in full upon change of title.
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 could affect the answer given.
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