Posted on: 16th Oct, 2008 12:13 pm
My friend is buying a house from a private owner and couldn't
afford to pay the taxes and insurance. She did a quick claim
deed with her friend. Do her friend own the house and can
she walk away from the contract that she signed with the private owner? Who is responsible for the payments on the house.
afford to pay the taxes and insurance. She did a quick claim
deed with her friend. Do her friend own the house and can
she walk away from the contract that she signed with the private owner? Who is responsible for the payments on the house.
my soon to be ex quick claimed a deed to me on our house. he is the only one on the note. is he responsible for the note, can he borrow against the house more? take a second mortgage? if he doesn't make the payments then can the bank take it or go after him only for the debt?
Hi kimberlybn,
As you are on the property deed, you are the owner of the property. As your ex is on the mortgage note, he will be responsible for paying the mortgage dues but I don't think he will be able to take a second mortgage on the property. If he defaults the payments, then the lender will have the right to foreclose the property and sell it off to recover the debts.
Thanks.
As you are on the property deed, you are the owner of the property. As your ex is on the mortgage note, he will be responsible for paying the mortgage dues but I don't think he will be able to take a second mortgage on the property. If he defaults the payments, then the lender will have the right to foreclose the property and sell it off to recover the debts.
Thanks.
buying out siblings and qiuck claim deedin wisconsin are there different prices in different states?
Hi
Do you mean to ask whether the fees vary in different states?
Yes, they do. Different states charge different amount of stamp doc fees, recordation fees etc. You need to get in touch with the county recorder's office. They would be able to give you a fair idea about the fees involved in recording a deed.
Do you mean to ask whether the fees vary in different states?
Yes, they do. Different states charge different amount of stamp doc fees, recordation fees etc. You need to get in touch with the county recorder's office. They would be able to give you a fair idea about the fees involved in recording a deed.
can your parent just turn there home over to you on a qiuckclaim deed.. and do i have to be there. Now i am stucks with the propert taxes. That the only way i knew they did a quickclaim
Hi ernie,
The ownership of the property can be transferred to you even though you are not present there. The reason why this could be possible is, some states do not require the grantee's signature on the deed. A signature by the grantor and a notarization generally validates a quitclaim deed in such cases. Thus, the property could be transferred to a grantee, although the grantee is not present there or has not signed any deed. But I think such deeds could be reversed if the grantee can prove that the property was transferred to him without his knowledge.
The ownership of the property can be transferred to you even though you are not present there. The reason why this could be possible is, some states do not require the grantee's signature on the deed. A signature by the grantor and a notarization generally validates a quitclaim deed in such cases. Thus, the property could be transferred to a grantee, although the grantee is not present there or has not signed any deed. But I think such deeds could be reversed if the grantee can prove that the property was transferred to him without his knowledge.
divorced two years ago. home quick deeded to me and i have been making monthly payment. i have now remarried. my x is now wanting me to refinance to get his name off of the mortage. i am not wanting to do so. can he force me legally to refi the mortage? thanks!
he can try, janet. what did your divorce decree say? i'm surprised if it didn't indicate that you would be required to refinance.
my brother and his wife are going through a divorce and the house belonged to my brother before they were married although he has a quit claim deed that his wife signed due to him having surgery how can he now get her name off the quit claim deed?
since they're going through a divorce, they probably (i hope) have lawyers. those lawyers should help them through this process. it won't be a matter of getting her off the quitclaim, but working out the details as to how they will separate the property, whether any money changes hands, etc.
Post Your Comment