Posted on: 13th May, 2009 02:50 pm
Does a quit claim release the grantor from loan responsibility?
Hi Guest!
Welcome to forums!
No, a quitclaim deed does not release the grantor from the liabilities of paying the mortgage dues. If the grantee refinances the mortgage in his/her name after the property is transferred to him/her, then the grantor will have no further responsibility for the mortgage.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
No, a quitclaim deed does not release the grantor from the liabilities of paying the mortgage dues. If the grantee refinances the mortgage in his/her name after the property is transferred to him/her, then the grantor will have no further responsibility for the mortgage.
Feel free to ask if you have further queries.
Sussane