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if a co-borrower is removed under a harp loan refi can they still be on the deed?

by kasage from Levittown, Pennsylvania. Oct 24th 2012 Reply


Travis Torcoletti (travis.torcoletti)
#0 ranked lender in South Carolina - 372 contributions

Yes, if you want them on the deed a real estate attorney can put them on the deed. The deed and the mortgage are independent of eachother.

Oct 24th 2012
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Yes.. The deed and the note are two separate documents.. so long as the person that's on the Note is not removed from the deed, you will not trigger any "due on sale" clauses... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Oct 24th 2012
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 1,823 contributions

No and Yes. No, they cannot stay on the title because the lender is not going to allow the non-borrower to be on title at the close of the escrow. Once escrow is closed, however, it is a simple step to deed them back on to title. If you let your title company know ahead of time, they will often prepare the document(s) necessary and have you sign them at the same time you are signing the loan documents. They often will also do the follow-up recording. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Oct 24th 2012
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James Stachyra (Jstachyra)
#66 ranked lender in Illinois - 10 contributions

You would just quick claim them back on title at close. Just let the title company know becasue I am sure there is a fee in doing so.

Oct 24th 2012
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Mark Principi (centrallending9080)
#0 ranked lender in Pennsylvania - 26 contributions

You can do it the proper way as well , im in your area please call mark 215 970 5044

Oct 24th 2012
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

Yes. We cover PA contact us if you need any help. 201-962-3555 Team@BestMortgageOption.com

Oct 24th 2012
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