Posted on: 06th Aug, 2010 07:33 pm
hello. i am currently listed on a deed of a property. however, i am not on the note, meaning i am not financially responsible. this property is in florida and the mortgage company has already started the foreclosure process. am i able to file a quit claim deed to transfer my interest to the person whose name is on the note once the foreclosure process has started? thank you.
Regardless of whether you transfer your interest in the property to the other owner or not, your obligation to live up to the restrictions contained in the original mortgage deed remain in place. At the time the foreclosure suit was filed, you were (are) an owner. That fact remains regardless of what other actions you may take subsequently.