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Breakdown of Partnership

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elan2clean Joined: 22 Sep 2010 Posts: 1 1.28 Dollars($)	Posted: Wed Sep 22, 2010 3:37 am    Post subject: Breakdown of Partnership Like 0 Dislike 0 I have owend a house in Florida for 6 years with Friends the relationship has unfortunatly broken down we are in negative equity but still managing to rent and maintain the property is there any way I could file a Quit claim deed I understand I will be liable for Mortgage payments
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Wed Sep 22, 2010 10:30 pm    Post subject: Like 0 Dislike 0 Welcome elan, You can file a quit claim deed in order to transfer the property to your friend. This will make your friend the sole owner of the property. However, you will be liable for the mortgage payments. _________________ Procrastination is the enemy of your financial success

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