A mother and daughter are on the same deed. The property is a farm. The mother lives in the home by herself. The daughter lives with her husband in a different house. Is it ok to take the daughter’s name off the deed now?
Anyone coming off title whether at closing or before, must be counseled. So, either way is fine. Working farms are not eligible for HECM. The Appraisal will establish whether the property meets FHA HECM program requirements.