Wednesday, November 25, 2015

Changing deed name on property if mortgage isn't paid off?


If I have not paid off my mortgage and I change the property title to my son name will the lenders (bank) do anything? For instance say I'm in breach of contract, take away the loan, and force us to sell or find another invester to pay them back immediately?

We will still be paying the mortgage but just a different name on the tittle.

I assume they would care as long as the mortgage is getting paid on time. But would they have the right to?

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