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Bonnie Trump
"PROVEN REAL ESTATE PROFESSIONAL"
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- 3 Listings
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A 4th generation Danville native and a realtor for 27 years I bring an intimate knowlege of the Danville community as well a professional expertise and
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"Bonnie provides us with all the information regarding the property being viewed. She is not pushy, she ensures we are aware of any issues regarding the
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Bonnie Trump answered:
I can speak somewhat to properties in Pa. only. A deed can be transfered to a parent/child/grandchild for a $1.00 transfer fee and the deed preparation fee conveying ownership from Seller to Buyer (in our area about $150) ... that part is simple. The mortgage would have to be satisfied and/or assumed by you (if the Lender allows) before a clear title can be conveyed.
I would speak to whomever holds the mortgage and see if they will work with you on the $8000 balance.
You could also pay it off and then transfer title or work some loan arrangement (personal or secured) with the lender. Always best to speak with an attorney about any tax implications for you ... or your mother.
Good luck.
I would speak to whomever holds the mortgage and see if they will work with you on the $8000 balance.
You could also pay it off and then transfer title or work some loan arrangement (personal or secured) with the lender. Always best to speak with an attorney about any tax implications for you ... or your mother.
Good luck.
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