Posted on: 02nd Jun, 2009 04:45 pm
when caan a quit claim deed be executed?
if the preperty is purchased with a loan, can you than do a quit claim deed to some one?
if the preperty is purchased with a loan, can you than do a quit claim deed to some one?
Welcome to forum
You can absoutley give quit claim deed any time. But if you are on the loan, you will still be responsible for the loan after giving quit claim deed.
Realgeni
-Good credit is easy to achieve, as logn as you use it responsibly.
You can absoutley give quit claim deed any time. But if you are on the loan, you will still be responsible for the loan after giving quit claim deed.
Realgeni
-Good credit is easy to achieve, as logn as you use it responsibly.
Hi Mike,
You can execute a quitclaim deed when you want to transfer your property ownership to someone else. If there is a loan on the property, you will have to take permission from your lender due to the due-on-sale clause in the loan agreement. However, as Realgeni has mentioned, you will still be responsible for the loan even after signing the quitclaim deed.
You can execute a quitclaim deed when you want to transfer your property ownership to someone else. If there is a loan on the property, you will have to take permission from your lender due to the due-on-sale clause in the loan agreement. However, as Realgeni has mentioned, you will still be responsible for the loan even after signing the quitclaim deed.