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Question

Can a deed be transferred to a relative if there is an existing mortgage?

Submitted: 277 days and 8 hours ago.
Category: Legal
Value: $15
Status: AWAITING CUSTOMER ACTION
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Optional Information

Gardner, Illinois

Answer

Yes that can be done.

 

However, the bank should be notified, as the mortage wont be removed from you and to the new holder unless the bank consents.

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Expert: INFOLAWYER
Pos. Feedback: 97.0 %
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Answered: 2/19/2009

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