Property Transfer In Greece

Summary

Transferring property in Greece while being a guarantor can be complex. Your obligations might limit property transfer until the loan is satisfied. Your daughter may assume the guarantor role, but lender approval is necessary. Consult a legal expert in Greece to explore options and implications.

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Yes, I'd like to know if I can parental gift my daughter my house. I am guarantor to my son and have been told it is not possible to write over my house until my son's mortgage has been paid off. I'd like to know could my daughter take on the guarantorship and thus be able to inherit the house. I live in Greece
In Greece, transferring property while being a guarantor can be complex. Here are some general points:
- As a guarantor, your obligations might limit transferring the property until the loan is satisfied.
- Your daughter may potentially assume the guarantor role, but this requires lender approval.
- Consult with a legal expert in Greece to explore options and implications.
Would you like assistance connecting with a local lawyer to discuss this matter further?
What and who is lender approval
Lender approval refers to the lender's consent or permission for a significant change, such as transferring a guarantor role or property. The lender is typically the bank or financial institution that provided the loan. They need to ensure that any changes won't adversely affect their ability to recover the loan.
So it is possible in Greece. ****y daughter has a steady job.
Case Rating: *
It's promising that your daughter has a steady job, as it might support her application to assume the guarantor role. However, the lender's approval is crucial for this change. Would you like me to connect you with local lawyers who can better assist you with your case?
No thank you. I've found a lawyer. Thank you for your help
You're welcome! I'm glad you found a lawyer to assist with your matter. If you have any more questions in the future, feel free to reach out. Have a great day!