Question About Deed Transfer

Hello,
My Grandfather wants to transfer his deed over to me. He has a HELOC open at Suntrust, and he owes about $20,000. Can he transfer deed to me with that HELOC open? Can I get a HELOC, if he does transfer to me?

He can transfer his interest to you via a quit claim deed with the lien still in place.

Make certain another relative or adult is a witness to this transfer… That everything is disclosed and all parties understand that a transfer is taking place. If you have to keep it from another relative then maybe you shouldn’t do the transfer…

Happy hunting

Michael