@Anonymous wrote:
I am helping my mom in having complete estate of my diseased dads property. We are about almost complete with probate court.
Value of home $360K amount currently owed $175K
Now here is my question I pay for almost every bill in the house including the mortgage. My mother is on disability. I am going to consign for my mom and am paying off the house in 5-7 year's. I wonder if I consign will I be given a opportunity to have my name on the deed as a certificate of ownership because Damn I deserve it.
Since you are a co-borrower, your name will be on the mortgage. You will be asked by the mortgage company how the title/deed will be held and the closing papers will be prepared accordingly. Just tell your mom that you name will be on all the papers, including the title/deed to the home. When the mortgage is paid off, you can decide if you wish to quit claim yourself off the title/deed. If your name is not on the deed, your status as a co-borrower will be a NON-OCCUPYING BORROWER. If you are living in the house, I don't see how you name can be on the mortgage but not on the title/deed.
I'm curious to see what one of the currently active loan officers on this forum has to say. I agreed with you ... you deserve to be on the deed!!
