John S. asked
I want to borrow on a home that was signed over to me last month without any money changing hands. My mother signed it over to me, and now I want to get a consolidation loan on it. However, the lenders say I have to have it in my name for at least 6 months before they can proceed with the loan, even though the home is paid for outright. Is there a federal law requiring me to be on the deed for 6 months?
June 11th, 2024
Michael T. answered
There is no federal law requiring you to be on the deed for 6 months before obtaining a consolidatio...
June 11th, 2024
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