[WSBARP] Gift with assumption of debt

[Chandra Lewnau]

My clients wish to gift real property to their daughter-in-law and have her
assume the mortgage.

How would you phrase this on the deed? For love and affection and the
assumption of debt?

Would you have the grantee also sign the deed since they are assuming debt?

I do know to have a supplemental reeta prepared and to have clients get
authorization from the mortgage holder. Unless I'm wrong and Garn-St
Germain extends to a child's spouse.

Thanks in advance for any feedback.

Chandra Lewnau
Law Firm of Johnson and Nagaich
253-237-7150





-- 
Chandra Lewnau
Chandra at lewnaulaw.com
206-317-4282
Sent from my iPad
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