Posted on: 01st Feb, 2007 10:12 am
if i do a quit claim deed since the mortage still shows in my name can it still be taken away from me?
Hi Sherrystone,
Is the mortgage in default?
Is the mortgage in default?
Sherry, I would suggest that you let the lender know that you want to quit claim the house to someone else that is necessary as the lender has a mortgage over it.
danica
danica
Welcome Sherry,
The quit claim will not help you to get away from the loan. It can only transfer your interest in property to some other individual. But the loan will remain in your name until and unless you pay it off.
The quit claim will not help you to get away from the loan. It can only transfer your interest in property to some other individual. But the loan will remain in your name until and unless you pay it off.