Posted on: 04th Apr, 2013 12:23 am
i have an owner financed property. the property has some problems and thus i am giving it back to them. they want me to sign a quit claim deed and i can get rid of the property without any mark on my credit. i won’t be liable for any repairs. i need to know what type or name of a legal form to use to release me from any liability of the property.
Hi Guest,
You will have to use a quitclaim deed in order to transfer the property to the original owners. You need no other forms.
Thanks
You will have to use a quitclaim deed in order to transfer the property to the original owners. You need no other forms.
Thanks
Welcome Guest,
I agree with what Sara has said. A quitclaim deed is enough to resolve the whole matter.
I agree with what Sara has said. A quitclaim deed is enough to resolve the whole matter.
A quitclaim deed will release all property interests to the grantee. However, in order for them to release you from any liability, such as repairs, you need to have them sign a "mutual release of liability". You can find the form on the internet.
