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How does the mortgage company react to quit claim deeds?

Posted on: 14th Jan, 2010 11:35 pm
if my husband and i file a quit claim deed transferring the interest in the property over to me, will the mortgage company try to force me to refinance or call our note due?
The mortgage company will always want that the mortgage should be in the name of the property owner. If the property owner changes, the lender will want him/her to refinance the loan. If you become the sole owner of the property, then the lender can ask you to refinance the loan in your name. If you do not do so, he may call the loan due.
Posted on: 15th Jan, 2010 01:47 am
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