How do i takeover a house owned by my brother without refinancing?

Asuncion
I live in a house with a deed in my brother's name. He moved out 2 yrs ago and bought another house. My mother and I have been making the payments for the loan since he left. We wanted to see what is the least expensive way of changing the deed from my brother's name to mine or my mother's or both.

Clorinda
His lender won't take him off the deed, you need to refinance to buy it from him even if you buy it for the amount owed on the mortgage. Then you or your mother can pay the interest and taxes and get itemized deductions you can't get when you don't owe the money even if you pay it.

Davis
you can change the deed easy enough with his cooperation, but you can't just take over his mortgage - you'll have to refinance - you can't claim any of the interest or taxes you've been paying, because the house and mtg are not in your name - so your brother is getting all the benefits - not you

Eloisa
It is highly unlikely the lender will just remove his name, you are going to have to refinance.

Jasper
It depends if your brother has an assumable mortgage or not...

Antonio
The easiest way would be to refinance, but it's not the only way.How much equity is in the home?Add your name to the title. (doesn't call for a a refi)You can open a HELOC in only you and your mother's name.Use this HELOC to make a large payment agains tthe Principal of the mortgage in your brother's name.Now you still have the same amount of equity in the home, you've just shifted it.Get a second HELOC or a larger limit on your existing.Pay another chunk.Repeat as necessary until the loan(s) are completely in your name.However, actually getting the bank to agree to this is a slim chance at best.