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 appletongary
Joined: 09 Aug 2009
Posts: 20
0.00 Dollars($)
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 Posted: Sun Aug 09, 2009 9:43 am Post subject: |
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no. lender may treat it as a case of fraud.
quit claim deed does not guarantee that property under consideration is free from mortgage & tax linens.
if you are thinking to do so inform about it to your lender. they will ask new owner for refinance. |
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PnB
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| Posted: Sun Aug 30, 2009 4:03 am Post subject: forcing mortgage |
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| It is unlikely that you can force her to get a mortgage - it might be more likely that she can not get a mortgage, and you will have to re-claim the properties. A stickie in law issue for sure. You may loose the properties unless you start and continue paying the mortgages. |
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janelle
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| Posted: Fri Nov 06, 2009 3:14 pm Post subject: quick claim deed |
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I am a co-signer for my sister on a loan I need to get my name off so that I can purchase my own home what is the best way
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smithsussane
Joined: 18 Sep 2008
Posts: 3709
Location: Alaska
556.69 Dollars($)
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| Posted: Fri Nov 06, 2009 10:25 pm Post subject: |
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Hi janelle!
Welcome to forums!
Your sister will have to refinance the mortgage in her name. This will remove you from the liability of paying off the loan and she would become solely responsible for the payments. Then you can get a loan to purchase a property of your own.
Feel free to ask if you've further queries.
Sussane |
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