Legal Question in Real Estate Law in Virginia

I need my mother-in-law's proof-of-income to qualify for a $204,000 refinance loan at a lower rate (3.75%) since my income is too low alone. Does her name go on the property deed? If so, can we use a quit claim deed to facilitate dropping her off of the deed at a later date?

Asked on 6/08/13, 10:23 am

1 Answer from Attorneys

Michael Hendrickson Law Office Michael E. Hendrickson

No, not unless the lender requires her name on the deed (not too likely).

Otherwise, her name on the refinanced mortgage should be quite sufficient

(in my opinion).

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Answered on 6/08/13, 10:36 am

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