Real Estate Law
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The house is assessed at $121,000. I currently owe 107,000. The mortgage and title are in my name alone. Nationstar Mortgage holds the loans. I asked if I could put his name on the mortgage since, in essence, he pays the mortgage. They said no.
I am unsure whether the lender requires his sole ownership or not. We had been talking to Quicken Loans about a possible refinance.
Quicken Loans has said that if he buys the house either at market value or for the amount of the mortgage, he must put down a 20% down payment.
He would have to rearrange some money in order to do so.