Posted on: 22nd Feb, 2010 12:11 pm
we intend to continue living in the house and making payments on the mortgage. we want quit claim the property to my daughters godmother. After we leave the house and the mortgage will remain with the godmother.
Hi rjhazen,
You can quit claim the property to someone else with mortgage on it. However, the mortgage will still remain in your name. If the other person defaults on the mortgage payments, then the lender would sue you for the dues. He will come after you for the loan payments.
Thanks
You can quit claim the property to someone else with mortgage on it. However, the mortgage will still remain in your name. If the other person defaults on the mortgage payments, then the lender would sue you for the dues. He will come after you for the loan payments.
Thanks