Posted on: 03rd Sep, 2010 02:24 pm
does doing a quit claim deed back to the lender release us from financial obligations on that property? (making the payments) please note that the person we bought it from is also the lender
hi ilovemrshessel!
welcome to forums!
signing a quit claim deed will not release you from the financial obligation toward the loan. the person to whom you transfer the property will have to refinance the mortgage in his or her name.
feel free to ask if you've further queries.
sussane
welcome to forums!
signing a quit claim deed will not release you from the financial obligation toward the loan. the person to whom you transfer the property will have to refinance the mortgage in his or her name.
feel free to ask if you've further queries.
sussane