Posted on: 22nd Jan, 2007 11:19 am
Hello,
My mother quit claimed her house to me and my sister. She has continued to make mortgage payments and paying taxes. My sister and I would like to quit claim the house back to her (want to undo the quit claim she did) as she has taken care of all payments, taxes. She is also wanting to sell her house and we don't want to have issues.
Thanks.
My mother quit claimed her house to me and my sister. She has continued to make mortgage payments and paying taxes. My sister and I would like to quit claim the house back to her (want to undo the quit claim she did) as she has taken care of all payments, taxes. She is also wanting to sell her house and we don't want to have issues.
Thanks.
You and your sister can easily quit claim it back to her if the mortgage has been paid off. If not you need to tell the lender that you wish to transfer the house back to your mother.
If you sign a quick claim deed can. Do you have to notify the mortage company? Also do you have to file it with land records? Is there a time limit if it has been over 6 years?
"My mother quit claimed her house to me and my sister. She has continued to make mortgage payments and paying taxes. My sister and I would like to quit claim the house back to her (want to undo the quit claim she did) as she has taken care of all payments, taxes. She is also wanting to sell her house and we don't want to have issues. "
How much balance is left on the mortgage? If your mother sells the house after you quit claim it back to her, the mortgage balance will have to be paid off from the sale.
Neil Drumm
How much balance is left on the mortgage? If your mother sells the house after you quit claim it back to her, the mortgage balance will have to be paid off from the sale.
Neil Drumm
Hi Bee,
Yes the mortgage company should be informed about it, otherwise when they will come to know of it, can call the loan due and demand full payment.
Quit claim deed will not have any value until it is recorded at the recorder's office of your county. Nobody will be able to know that the property title was transferred using the deed.
" Is there a time limit if it has been over 6 years? "
It’s been 6 years that the deed was made out but hasn't been recorded as yet but you can do so now. If the person who has made the deed (the grantor) is still alive then it can be recorded at the county recorder's office. But if the person has died then quit claim is no longer valid and it won't be possible to get it recorded.
David
Yes the mortgage company should be informed about it, otherwise when they will come to know of it, can call the loan due and demand full payment.
Quit claim deed will not have any value until it is recorded at the recorder's office of your county. Nobody will be able to know that the property title was transferred using the deed.
" Is there a time limit if it has been over 6 years? "
It’s been 6 years that the deed was made out but hasn't been recorded as yet but you can do so now. If the person who has made the deed (the grantor) is still alive then it can be recorded at the county recorder's office. But if the person has died then quit claim is no longer valid and it won't be possible to get it recorded.
David
Hi Bee,
Welcome to the forums.
There is no such limit on recording a quit claim deed. The earliest it's done the better. But if the grantor is still alive, then the quit claim which has been already signed around 6 years ago may be recorded at the county Recorder's office.
Thanks,
Sara
Welcome to the forums.
There is no such limit on recording a quit claim deed. The earliest it's done the better. But if the grantor is still alive, then the quit claim which has been already signed around 6 years ago may be recorded at the county Recorder's office.
Thanks,
Sara