Posted on: 27th Mar, 2013 02:54 pm
ya my mom and dad are getting a divorce, and have 10 acres with a mobile home on it with a lien against it. Mom is wanting to sign a quick claim deed to give dad the land. Will she be completely off the land if we go with the quick claim deed?
Hi brmac!
Welcome to the forums!
If your mother signs a quitclaim deed and transfers the property to your father, then she won't be liable for the property. She will also not remain the owner of the property. However, if there is a mortgage on the property and if her name is on it, then she will remain liable for the mortgage unless your father refinances it.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
If your mother signs a quitclaim deed and transfers the property to your father, then she won't be liable for the property. She will also not remain the owner of the property. However, if there is a mortgage on the property and if her name is on it, then she will remain liable for the mortgage unless your father refinances it.
Feel free to ask if you've further queries.
Sussane
Hi brmac,
Yes, it is true that if your mother transfers the property to your father through a quitclaim deed, she won't have any ownership rights to that property.
Yes, it is true that if your mother transfers the property to your father through a quitclaim deed, she won't have any ownership rights to that property.