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Jean Christie Asked:

My husband and I bought house 4-1/2 years ago using our money but my Uncle's credit. My uncle no longer wants the house and has agreed to let us take it over, I know we cannot assume the loan but can he Quit Deed the house to us? How does that work? Do we have to contact his mortgage company on the home? What's the best way to do this? [Tacoma WA]

05/29/2009

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Answer Provided by: Jeffrey Heidtmann [05/30/2009]
 

Quit Claim deed transfer ownership only, Your uncle would still be responcible for the mortgage.