Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

If a home in beginning to go into foreclosure with an owner

Posted on: 05th Aug, 2007 01:04 pm
it quit clam deeded over to me, is this dangerous? I would catch up on the late mortgage payments to make the loan current and then continue to make the payments until I decide to finance in my own name once repairs are made. Do you have any better suggestions to transfer the ownership of a property going into foreclosure?
hi holtongator,

there is no problem when you are transferred a property by using a quitclaim deed, prior to foreclosure. but when you wish to continue payments for the existing loan, the lender may ask you to refinance by taking a fresh loan in your name.
Posted on: 06th Aug, 2007 12:12 am
I think there should not be much problem with your plans. But you should consult with the lender first before going ahead with the plan.

Miller
Posted on: 07th Aug, 2007 02:36 pm
Page loaded in 0.074 seconds.