reverse quit claim deed

Does the actual deed have to be signed and turned over before made legal?

Hi vonne,

The actual deed must be signed by the grantor (one transferring the property). In some states though, the grantee needs to sign the deed as well. The quit claim deed
also needs to be notarized and recorded in the county recorder's office where the property is located in order to validate it.

My grandmother is ill and she owns a home with her son as the co-owner. She quitclaimed her part of the home to her other son without her son's (co-owner) consent.. is it legal and binding to quitclaim half of the property?

Hi Toya,

I found a similar discussion on the following page. Hope this would help you:
http://www.mortgagefit.com/quitclaim/transferownership-legal.html#81004

Please feel free to ask further queries, if any.

Thanks,

Jerry

cual de dos q,c,d tiene preferencia el que se grabo primero o el segundo

Hi hector,

Could you translate this into Enllish so I understand the issue and comment on it ?

what form do you use to quit claim property back?

Here's another question; why would mortage companies require a spouse who will not be on the loan to sign a quit claim deed?

Welcome cameo,

In order to reverse a quitclaim deed, you will have to fill out another quitclaim deed and record it at the county recorder's office.

Is the mortgage company asking your spouse to sign a quitclaim deed or an interspousal deed? The mortgage companies may ask your spouse to sign an interspousal deed so that he/she does not have any claim on the property. If you default on the mortgage, they can foreclose the property and recover the dues. They will not have to satisfy the claims of your spouse regarding the property.

Hi,
we owe a house on which I have co-signed the deed, but the loan is on my husband's name only. If we don't pay the loan, will my credit score be affected?
Many thanks for your help!

Hi Anna!

Welcome to forums!

If you had co-signed for the loan, then the lender will come after you for the payments if your husband is unable to pay them off. If you are unable to pay the dues, then your credit score will get effected along with your husband's.

Feel free to ask if you have further queries.

Sussane

i signed a deed over to a lady introduced to me by a friend she said she wanted to purchase my house.she never paid the mort. and now my house is going to forclose what are options

Hi parakeet!

Welcome to forums!

You are in a tough situation. If the lady has not refinanced the mortgage in her name, then you would be considered liable for the dues. If the property is foreclosed upon, then your credit will get ruined. You should contact that lady immediately and ask her to pay off the mortgage dues. You can even pay off the delinquent mortgage dues and then ask the lady to transfer the property to you.

Feel free to ask if you have further queries.

Sussane

My mother and father died with the mortgage in their names and owed more than the house is worth, but they added me before death on the deed by quick claim. Now the house is in forclosure and I live there with bad credit and would like to tranfer the loan to me. Is that possible or do I have to assume the debt and have forclosure on my credit? I have been waiting six months for an answer.

Hi Bill,

I guess your name is mentioned only on the property deed but not on the loan. As the property is now being foreclosed upon, I would suggest you neither to assume the loan nor to refinance it. If the property is foreclosed upon after the assumption or refinance, then it would badly effect your credit. At present, as your name is not on the mortgage, a foreclosure will not effect your credit in anyway.

Thanks