In the current climate this sounds like financial suicide but my husband and I want to sell our house and buy another. Unfortunately the bank won't allow us to buy before selling, we wondered if by signing over the tiltle deeds to me would he be able to get another mortgage?|||it isn't the ownership, but the loans that are the problems. Just by signing over the deeds, he will still owe the loans - since they CANNOT be transferred.
So no, this will not work. Since it appears he doesn't qualify for a new loan while he still has the old one(s) in his name.|||If your husband is on the mortgage it won't work and may cause more problems. Most deeds contain a due on sale clause. If ownership changes they can call the loan due. Also, if you aren't on the mortgage you just can't assume a mortgage without the mortgagees (lender) approval.
realtor.sailor|||Your husband will still be on the mortgage so it will count toward his debt to income ratio. You will need to refinance on your own and have him taken off the mortgage in order for your current mortgage not to count. This will only work if you canafford the house on your income alone.|||No because taking your name off the title has NO bearing on the mortgage note.
You can sign your house over to anyone you want...but that doesn't change the bank's lien or the mortgage note he signed at closing stating he would pay for it.|||Even if your name isn't on the deed he couldn't sell with out you
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