C
Calvin & Birmary C
Guest
I currently rent a townhouse from my father in law. He wants to give the house to me but I dont have good credit. My plan is to keep the mortage under his name, add myself to the deed and have him sign a quit claim deed. From my understandings this would mean i dont have to put any down payment, i would be taking over his mortage in the sense but everything would be in his name on paper untill i sell or i refinance in the future. Is this correct?
If I dont do the quit claim now could he sell it without my knowledge or because im on the deed i have to sign as well?
If I dont do the quit claim now could he sell it without my knowledge or because im on the deed i have to sign as well?