Posted on: 26th Dec, 2010 12:39 pm
what if they person that i establish the quick deed with doesnt get refinancing ? Does the property remain my responsibility?
Hi chaynes,
Once you sign the quitclaim deed and transfer the property to someone else, then that person becomes the owner of the property. However, if the mortgage remains in your name, then you will be liable for paying off the mortgage dues every month.
Once you sign the quitclaim deed and transfer the property to someone else, then that person becomes the owner of the property. However, if the mortgage remains in your name, then you will be liable for paying off the mortgage dues every month.