Posted on: 20th Sep, 2007 10:24 am
if i transfer ownership of property to a corporation with a quit claim deed, am i still liable for a mortgage payments?
Yes, you will still be liable for the payments even though you have transferred your property to a corporation.
Welcome Vicky,
You can transfer property by the use of quitclaim deed but this cannot transfer your loan. To know more, refer to http://www.mortgagefit.com/discuss/about2007.html .
You can transfer property by the use of quitclaim deed but this cannot transfer your loan. To know more, refer to http://www.mortgagefit.com/discuss/about2007.html .
Yes,Vicky. The loan can't be transfer. If you can do this, all people will do this like you. obviously, it's not actually.