Posted on: 06th Dec, 2011 01:31 pm
If I get a quit claim will I still be responcible for any payments not paid. Can they get me so that I have to pay the mortagage..
a quit claim is used to add or remove persons from title, it has nothing to do with your mortgage loan. if you are trying to remove someone from the loan, there are two ways, sell, or refinance. if you transfer ownership of the property, it may trigger the due on sale clause with your mortgage lender. if you do a quit claim for any reason, it does not release your obligation to repay the debt you incurred.