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Company Loan Type APR Est. Pmt.

quitclaim deed

Posted on: 25th Sep, 2010 05:09 am
my husband is the pastor of our church. the church is financed in our name because they couldn't put it in the church name. is it possible to do a quitclaim deed now to transfer the loan over to the church name, since the church is making all the payments and taxes and take our name off.
Hi lotharp,

A quitclaim deed does not help in transferring the mortgage from one person to another. You need to contact the mortgage company to find out if novation can help you in transferring the mortgage to the church.
Posted on: 26th Sep, 2010 10:54 pm
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