Lender rights when borrower wants to Quit Claim property back to lender

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Lender rights when borrower wants to Quit Claim property back to lender

A well-heeled buyer bought property from me. I am the mortgagee. Buyer wants to quit claim property back to me. I do not want the property back. I want the buyer to pay off the mortgage with me. Do i have a right to buyers' payments?

Comment

Anonymous (not verified)
5-09-2015

2 Answers

Votes

Older

Newer

To get the buyer should your mortgage burden, you'll have to refinance the mortgage loan in both of your name. As for the buyer's rights, you'll have to continue making the mortgage payments.

Comment

Caron | Asked on 2015-09-23

Yes.

Comment

Caron | Asked on 2015-09-23

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