Colli Real Estate

Can people be added onto a property’s title without being on the loan(mortgage)?

My maternal grandparents left my twin sister and I a house which had been fully paid for when we were both fifteen. Our mother was our guardian. Four years later, our father was having financial difficulties and he asked us to help him by granting him the deed to our house. We did, and he took out a loan which soon went into foreclosure. He put us back on title to the house and now the three of us are on title. I would like to be able to stay in my home, but I don’t have access to any of the loan documents. My dad is keeping that information from me. I do know the loan is with Wells Fargo. I am willing to pay the loan myself but how can I go about this? Will the bank provide me with information? What should I tell them? Any advice will be appreciated. Thank you!
We live in California.

Yes, You can have people on the title who are not on the loan.

If sounds like you dad was the only one on title when he took out the loan, but soon after he added you and your sister. That is totally fine.

Unfortunately, you have no access to the loan docs. That agreement is between the Bank and your dad. If he doesn’t pay, the bank can take the collateral (your home).

Your best bet is to offer to buy your dad out and refinance the loan in your name.

If sucks, but the bank will not give out private information to you regarding your dad loan no matter what.

Good luck.

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