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We want to quit claim our property to current renters, who will agree to pa

We want to quit claim our property to current renters, who will agree to pa

We want to quit claim our property to current renters, who will agree to pay continue our loan until they can refinance with a decent down payment.
We are scared about the risk involved, if they don't make the mortgage in our name???


Anonymous's picture
Anonymous (not verified)
9-02-2011

2 Answers
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your crazy that would be dumb

Anonymous | Asked on 2011-09-15


1
Hi Guest, It will be risky to transfer the property in that way. There are high chances that the renter may stop paying the mortgage dues. I will suggest you to find such a buyer who will be able to refinance the loan immediately.

adonis | Asked on 2011-09-15

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