My brother was about to lose his house and I took over the payments. I am now living at the house and consider it mine. What do I have to do to transfer it to my name? My brother will sign any necessary paperwork. I live in Texas. Been at the house 8mths.
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Most mortgages have a clause, called an acceleration clause, that makes the balance of the mortgage due immediately upon the transfer of the deed. I don't think that he has the money to pay off the note when his lender comes a-calling. What you need to do is find your own lender and buy the property from your brother. -
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