Posted on: 07th Sep, 2010 10:05 pm
i live in ca. right now i signed quit claim deed of our house to my husband, if we refinace, do we need to do the quit claim deed again or is the first time quitclaim is still valid?
hi guest,
welcome to mortgagefit,
quitclaim deed is related to the ownership of the property whereas refinance is related to mortgage of the house.if you have transferred the house to someone else by quitclaim deed then irrespective of refinancing the property for several times, quitclaim deed and ownership of the property keeps intact and does not change untill the person quitclaim the property to someone else.
dipa
welcome to mortgagefit,
quitclaim deed is related to the ownership of the property whereas refinance is related to mortgage of the house.if you have transferred the house to someone else by quitclaim deed then irrespective of refinancing the property for several times, quitclaim deed and ownership of the property keeps intact and does not change untill the person quitclaim the property to someone else.
dipa