House as a Gift

Expert, localized Los Angeles answers provided by Heather Roy

House as a Gift
	MY FRIEND WANTS TO TURN OVER HIS HOUSE TO ME AND PUT IT IN MY NAME.WOULD I STILL HAVE TO GO THROUGH CREDIT CHECK?I HAVE VERY BAD CREDIT.I AM 60.

	If the house has a mortgage on it, most likely that would have to be paid off when there's a change in ownership that doesn't involve a family member. If there's no mortgage, it's a simple matter -- your friend can sign the place over to you any time.
	Edith Originally published on November 5, 2007

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