Posted on: 20th Jun, 2009 08:34 pm
my mother had a quick claim deed with my sister when she died NOW the question is there was still a morage on the condo when she did this . that was in 2005 in 2008 she dies and there is still a morage to be paid my sister pays it not sure if she used my mothers name to do it . does she pay the taxes ?? actually i dont understand the whole thing can someone explain please before i go nuts trying to figure this out also if it helps she had a will it was out of the will and the condo was or is in Florida.
thanks
confused
thanks
confused
hi puzzled,
welcome to our forum.
as you say quick claim deed its called quit claim deed.
yes, if your mother has transferred the property to your sisters name then your sister is owner of property & if she refinanced mortgage on your sister's name then your sister responsible to pay due to lender.
as you say you mother passed & she quit claimed house on your sisters name that means current live owner is your sister so here your sister also responsible for pay to lender.
you can ask your queries to us anytime & we will definitely help you, its our pleasure.
thanks & regards.
gunz.ijjistaff
welcome to our forum.
as you say quick claim deed its called quit claim deed.
yes, if your mother has transferred the property to your sisters name then your sister is owner of property & if she refinanced mortgage on your sister's name then your sister responsible to pay due to lender.
as you say you mother passed & she quit claimed house on your sisters name that means current live owner is your sister so here your sister also responsible for pay to lender.
you can ask your queries to us anytime & we will definitely help you, its our pleasure.
thanks & regards.
gunz.ijjistaff
Hi puzzled,
It is possible to quitclaim property with a mortgage on it. When someone quitclaims the property, it also transfers the liens attached to the property. The mortgage holder does not mind that change in title as long as they are being paid on time. It is also possible that your sister has refinanced in her name and taken over the responsibility of mortgage payments. As far as the taxes are concerned, your sister has to pay them as she is now the legal owner of the property.
It is possible to quitclaim property with a mortgage on it. When someone quitclaims the property, it also transfers the liens attached to the property. The mortgage holder does not mind that change in title as long as they are being paid on time. It is also possible that your sister has refinanced in her name and taken over the responsibility of mortgage payments. As far as the taxes are concerned, your sister has to pay them as she is now the legal owner of the property.
