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Quick claim

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Kim1274 Guest	Posted: Wed Sep 01, 2010 6:16 pm    Post subject: Quick claim Like 0 Dislike 0 My Mother passed away then my stepfather passed. their home has a mortgage my stepfathers son is executor of the estate, my husband and I are the only ones that expressed an interest in getting the house. we want to know if we got a quick claim and start making mortgage payments will that be legal ? due to other obligations we are not sure we would qualify for a better interest rate then what is on the house and right now with the market down in AZ the house has no equity. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
smithsussane Joined: 18 Sep 2008 Posts: 10382 Location: Alaska 976.66 Dollars($)	Posted: Wed Sep 01, 2010 9:23 pm    Post subject: Like 0 Dislike 0 Hi Kim! Welcome to forums! If you get the property transferred in your name, the lender will want you to refinance the loan. Once you refinance the loan, you can make regular mortgage payments. But as the property does not have any equity, it won't be possible for you to get a refinance. You should contact your lender and let him know about your plans to pay the loan and check out if he can allow you to assume the mortgage. Feel free to ask if you've further queries. Sussane

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