Posted on: 02nd Mar, 2010 11:29 am
can you do a quit claim deed if you still owe on the mortgage?
Hi Melissa,
You will be able to sign a quit claim deed and transfer the property to someone else though you owe mortgage on that property. However, the new owner of the property will have to refinance the loan in his/her name once the property transfer is complete.
Thanks
You will be able to sign a quit claim deed and transfer the property to someone else though you owe mortgage on that property. However, the new owner of the property will have to refinance the loan in his/her name once the property transfer is complete.
Thanks