gift warranty deed

[huurryy]

A mortgage loan is trying to forclose on the person who took out a loan. But the bank can not forclose bc the property dose not belong to that person. A gift warranty deed looks like its recorded to that person (loan) but 1/2 interest. Can either pass over the deed to there children

 

[army judge]

A mortgage loan is trying to forclose on the person who took out a loan. But the bank can not forclose bc the property dose not belong to that person. A gift warranty deed looks like its recorded to that person (loan) but 1/2 interest. Can either pass over the deed to there children

I can't really say much without reading the deeds involved.
One would also need the conveyances that caused the transfers to arise.
You don't want to show that on the internet anyway.
I suggest you consult a local real estate lawyer.
You might get a few answers for free.
Most lawyers will meet with you initially at no charge.
At most the right answers will cost you about two hundred bucks.

As far as the foreclosure, I wouldn't bank on a gift conveyance as much as you are.
Heck, it might as well be a quit claim deed.
If you are buying a home, you can only transfer what you own.
If there is a lien on the property, you don't have a clean title.
The title is clouded by the lender's lien.
The lender actually OWNS the property, and brother they can and will foreclose, if they haven't been paid!!!

 

[disagreeable]

You cannot transfer collateral you pledged for a loan to another. Sorry, the transfer is meaningless.