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Mortgages, Refinancing, Foreclosure All matters concerning mortgage foreclosure law and refinancing.

co-signing on a mortgage, for a parent.

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Old Jul 28th, 2007, 05:54 AM     #1
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Default co-signing on a mortgage, for a parent.

I am trying to help my widowed mother, she requested that I co-sign for her to refinance her home that is already paid for. Due to debt incurred by her grand daughter, which is my daughter. I am an only child, and my daughter is her only grandchild, whom is already grown. Her will states me as the execitor, of the estate, however she has split the estate 50, 50 between me and my daughter. If I do co-sign for her does that give me the legal right to be co-ower of the property? And will the deed be reissued at the end of the loan in my mothers and my name?
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Old Jul 30th, 2007, 10:18 AM     #2
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Default Re: co-signing on a mortgage, for a parent.

The co-signing is only for the the financial obligation. It does not change what you do or do not own.
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