Posted on: 27th Jul, 2010 09:43 am
Hello:
Can the grantor sign a deed to me (grantee) if there is a mortgage on the property?
Can the owner sign by way of quit claim/warranty to me if there is a mortgage on the property and if possible once signed does the grantee own the property 100%?
Is the grantee (buyer) responsible if the seller has a mortgage on the property and the insurance premiums. I was under the impression that the grantee is responsible for real estate taxes., but since the mortage is the grantors name the grantee is not responsible for these items?
What is the grantee responsible for once the deed is signed over?
Thank you.
Can the grantor sign a deed to me (grantee) if there is a mortgage on the property?
Can the owner sign by way of quit claim/warranty to me if there is a mortgage on the property and if possible once signed does the grantee own the property 100%?
Is the grantee (buyer) responsible if the seller has a mortgage on the property and the insurance premiums. I was under the impression that the grantee is responsible for real estate taxes., but since the mortage is the grantors name the grantee is not responsible for these items?
What is the grantee responsible for once the deed is signed over?
Thank you.
Yes Kerryann, a grantor can sign a quit claim deed form and transfer the property to the grantee. The grantee will become the owner of the property after the deed is signed and recorded at the county recorder's office. The grantee should refinance the loan and transfer the loan in his or her name and then pay off the dues.