Legal Question in Real Estate Law in Virginia

Deeds

If two people are buying a condo, they are both going to pay for it, but due to bad credit for one of them, the mortgage was approved based on the others income only. After the closing can the other person get there name on the deed and if so, how do you go about doing it?

Thanks in advance for your help


Asked on 9/22/04, 10:05 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Deeds

The purchaser whose name and credit history provided the basis for having the mortgage approved and who is listed on the deed as the owner of the property could convey via a quitclaim deed(if she or he wished)a one half undivided interest in the whole property to the person with the less than stellar credit history.

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Answered on 9/23/04, 12:18 am


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