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What is the best way to transfer my parents home and mortgage over to me?

My parents still have a mortgage ($450k) on our house (market value $700k).  What is the best way to transfer over the mortgage and property?  Who would be able to help with this process?
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December 10 2012 - San Jose
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Most modern mortgages are not transferrable without a refinance. I wold contact several banks or credit unions in your local area and ask what it would take for you to qualify to buy your parents home.
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December 10 2012
 
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