Posted on: 27th Jun, 2011 09:26 am
I have a timeshear in orlando at Lake Buena Vista, Bonnet Creek Resort can I use quitclaim deed to to get rid of property.
Hi thomaswhite,
You can use a quitclaim deed and transfer the property to someone else. Once you transfer the property, that person will become responsible for the maintenance of the property. However, if you have a mortgage on the property, then unless the new owner refinances the loan, you will remain liable for the mortgage.
Thanks
You can use a quitclaim deed and transfer the property to someone else. Once you transfer the property, that person will become responsible for the maintenance of the property. However, if you have a mortgage on the property, then unless the new owner refinances the loan, you will remain liable for the mortgage.
Thanks