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disclaimer

quit claim

gmakerley

Posted on: 14th Jan, 2009 01:14 pm

would i be taken off the mortgage with the lender if i do a quit claim deed

Total Reply : 2

no, val...whoever owns the home subsequent to the quit claim deed would need to refinance the mortgage. until it is paid in full, you remain obligated.

gmakerley

Posted on: 14th Jan, 2009 01:38 pm

Hi Val,

I agree with George. Signing a quitclaim deed will not release you from the obligation of paying the mortgage dues. The person to whom you quitclaim the property needs to refinance it. Once he/she refinances it, then you will be released from the obligation of paying the mortgage dues.

Thanks

jameshogg

Posted on: 14th Jan, 2009 07:06 pm

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