Using My House Deed
The deed to my house is in mine and my fathers name. The house is paid off . Somebody else is renting the house but I would like to take out a loan aginst it. I have a copy of the deed but do I need my dads signiture before taking out the loan. Or is it even possible to take a loan out with the just the copy of the deed? [ Edited by lyndie on Date 09/02/2005 ]
you need to get with a mortgage broker in your area or check with a local bank / credit union. Shouldnt be an issue
Everything is done these days with a recorded copy of the deed. That should be no problem.
But in my experience all owners of a piece of real estate have to sign the loan papers.
[addsig]