I have more than one person on the house title and i would like to refinance it has been less than a year?

Ivey
since I have bought the house. I would like to clear the names of the other people from the title at the time of refinancing, is that possible? I live in California.

Evelyn
You might not be able to refinance because the property might not have increased in value for any potential refinance within a years time.Are these same people on the mortgage loan? If they are removing them from the title/deed does not relieve them of the responsibility of making sure the monthly mortgage payment is made. If for some reason the monthly mortgage is not made they will be called by the lender and will have a hit on their credit report for any 30 day mortgage latesIf you simply want to remove their name from the title/deed, go through with the refinance. Once you have qualified and been approved for your refinance then the title company will require them to come in and each sign the title over to you.If the refinance fail to materialize you may still remove them from the title/deed simply by making an appointment with a local title company. Everyone on the title will be required to come in and sign their portion of the property over to you. You would want to use a title company as it could save possible legal problems in the future. Again if they are on the mortgage documents they still have the obligation of the monthly mortgage payment.I hope this has been of some use to you, good luck."FIGHT ON"

Corinna
The others will need to execute a "Quit Claim Deed" relinquishing their interest to you. Ask your county clerk for a form to do this.You will have to ask the others on the deed to do that. Right now you all own equal shares of the home. Will they be willing to give you their ownership interest in the home for $0?

Edgardo
Do NOT be surprised that they will NOTsign over, quit claim, their interest in the property as my advice to them would be ONLY at closing should a quit claim be signed. Only a fool would do so prior to the closing, ONLY a fool.

Eliana
They would have to deed their interest to you prior to signing the refi docs. Some lenders may even require this to be done and proof sent to them before they release the loan docs on your refi.

Ashanti
Sure. Just have them sign a Quit Claim.