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If property has a mortgage, can I quitclaim it to someone else?

Posted on: 09th Aug, 2010 08:49 pm
If I have a mortgage on my property, can I quitclaim it to someone else?
Hi rlkeke,

Though you have a mortgage on your property, you can quit claim the property to someone else. Once you transfer the property, the new owner can refinance the loan. Thus, you won't remain liable for the mortgage dues any longer.

Thanks,

Jerry
Posted on: 10th Aug, 2010 02:11 am
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