Posted on: 05th Apr, 2006 11:07 am
how do i reverse a quit claim deed
Hi,
Reversing a quit claim deed is not possible unless the grantee signs it back to you.
Once you sign a quit claim deed, you leave your interest in the property ownership and can't have claims over the property after that.
If the person whom you transferred your interests again quit claims his interests to you, then only you can get it back.
James
Reversing a quit claim deed is not possible unless the grantee signs it back to you.
Once you sign a quit claim deed, you leave your interest in the property ownership and can't have claims over the property after that.
If the person whom you transferred your interests again quit claims his interests to you, then only you can get it back.
James
Once the deed is signed it is impossible to undo the deed unless agreed by the grantee to quit claim the property back to you.
Hi,
As mentioned by others the only way a quit claim deed can be reversed is when the grantee agrees to quit claim the property back to you.
Please feel free to ask if you have any more doubts.
Thanks,
Jerry
As mentioned by others the only way a quit claim deed can be reversed is when the grantee agrees to quit claim the property back to you.
Please feel free to ask if you have any more doubts.
Thanks,
Jerry
i signed a quit claim deed, and was told that it would also remove the debt from my credit. i was a co signer on the house and never actually lived in it. the other owner still lives in the house but somehow my credit has been affected negativly with a foreclosure. is there anything i can do about this. even if it means taking the other party to court. are they responsible for damage on my credit?
Hi Bleezy06,
I think the other owner hasn't made all payments on the loan. Since the other owner is in default, you being the cosigner should make the payments in order to clear the debt against the house. But I guess you haven't done so; this is why the lender has called for a foreclosure.
However, the lender should have informed you before about the default. Now I don't think there is any way out except paying for the loan balance.
Thanks,
Sara.
I think the other owner hasn't made all payments on the loan. Since the other owner is in default, you being the cosigner should make the payments in order to clear the debt against the house. But I guess you haven't done so; this is why the lender has called for a foreclosure.
However, the lender should have informed you before about the default. Now I don't think there is any way out except paying for the loan balance.
Thanks,
Sara.
Hi Bleezy06,
By signing the quit claim deed, you have transferred the property to the other owner. But this does not remove your name as the cosigner.
In your situation, you cannot blame the other party except telling him that he should have at least let you know about the default, as you were a cosigner. If you go to court, I personally feel it will not solve your problem. The best thing is to talk to the lender, not accuse him for not informing you about the default, rather be calm and request him not to foreclose. See if he can reduce some of your debt so that you can pay off the rest. Otherwise, you need to pay down the entire balance and save your credit score from getting affected due to foreclosure.
Feel free to come up with further queries.
Thanks,
Caron.
By signing the quit claim deed, you have transferred the property to the other owner. But this does not remove your name as the cosigner.
In your situation, you cannot blame the other party except telling him that he should have at least let you know about the default, as you were a cosigner. If you go to court, I personally feel it will not solve your problem. The best thing is to talk to the lender, not accuse him for not informing you about the default, rather be calm and request him not to foreclose. See if he can reduce some of your debt so that you can pay off the rest. Otherwise, you need to pay down the entire balance and save your credit score from getting affected due to foreclosure.
Feel free to come up with further queries.
Thanks,
Caron.
my friend own a piece of property along with his siblling in which one of them made a quit claim deed to his cousin. is it legal to do this with out notifying the other sibling about the intent. it is property that was court order to be sold after the youngest turned 21
Hi Edith,
Welcome to forums.
If there is more than one sibling on the deed, then your friend has to seek the other sibling's consent in order to add his cousin to the title. So, it is legal if the transfer is done in agreement with the co-owners of a property.
However, it is better that the person added to the title is aware of the court order involving it's sale when the youngest turns 21.
Thanks
Welcome to forums.
If there is more than one sibling on the deed, then your friend has to seek the other sibling's consent in order to add his cousin to the title. So, it is legal if the transfer is done in agreement with the co-owners of a property.
However, it is better that the person added to the title is aware of the court order involving it's sale when the youngest turns 21.
Thanks
but the mortgage is still in my name, do i have any rights to the property?
hi mars,
welcome to forums.
if you have quitclaimed the property and the deed has been notarized and recorded in the county recorder office, then you will have no rights to the property.
but as you have said "the mortgage is still in my name" so you are still responsible for the mortgage. so you should ask the person, to whom you have quitclaimed, to refinance the loan in his name so that you get relief from the mortgage payments.
feel free to ask if you have any further questions.
best of luck,
larry
welcome to forums.
if you have quitclaimed the property and the deed has been notarized and recorded in the county recorder office, then you will have no rights to the property.
but as you have said "the mortgage is still in my name" so you are still responsible for the mortgage. so you should ask the person, to whom you have quitclaimed, to refinance the loan in his name so that you get relief from the mortgage payments.
feel free to ask if you have any further questions.
best of luck,
larry
Ownership of property and liability on the mortgage are separate. You quitclaimed your ownership of the property, but you still remain liable on the debt. That is why the foreclosure affected your credit. You received bad advice.
parents gave notorized deed to son he add my name and filed deed
father is now after year contesting deed
Hi mac,
Welcome to the forum.
Is it that you father has quitclaimed the deed to you but now hw wants his property back. Now as he has quitclaimed, he has no interest in that property. If you quitclaim the property then only he can get the property back.
Feel free to ask if you have any further questions.
Best of luck,
Larry
Welcome to the forum.
Is it that you father has quitclaimed the deed to you but now hw wants his property back. Now as he has quitclaimed, he has no interest in that property. If you quitclaim the property then only he can get the property back.
Feel free to ask if you have any further questions.
Best of luck,
Larry
My daughter wishes to deed her property to me due to financial problems. She does want to keep only a portion of interest in the property. How can she do this and what rights do I then have if I own the majority of the property?