Legal Question in Real Estate Law in New York
transfer deed
can i transfer my nyc condo deed to my parents, whom i owe a lot of $ to although i have a mortgage? can i request that the lender do a novation and turn the mortgage over to my parents who have excellent credit?
Asked on 7/14/09, 4:32 pm
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: transfer deed
Yes and yes. However, the bank (and parents) would have to consent.
Mike.
Answered on 7/16/09, 9:26 am
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