Posted on: 04th Mar, 2010 07:43 pm
hi, i currently have 3 loans for my house 1 bank 2private. on one of the private loans the lender whats me to sign a quit claim deed in his name,claiming he will pay all debt due. is that possible?
hi,
do you know true mean of quit claim deed? after singing quitclaim deed this lender will be considered as a owner of this house, you have not any author on this property after signing quit claim deed. if you wish to do that, refinance all of remaining loan to him & then sign a quit claim deed. if you involving your attorney in this matter its safe for you so get attorney involved.
thanks & regards.
gunz.ijjistaff :lol: :lol: :lol:
do you know true mean of quit claim deed? after singing quitclaim deed this lender will be considered as a owner of this house, you have not any author on this property after signing quit claim deed. if you wish to do that, refinance all of remaining loan to him & then sign a quit claim deed. if you involving your attorney in this matter its safe for you so get attorney involved.
thanks & regards.
gunz.ijjistaff :lol: :lol: :lol: