---

quit claim deed with a mortage

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Guest	Posted: Sun Jul 04, 2010 9:01 am    Post subject: quit claim deed with a mortage Like 0 Dislike 0 can a person quit claim a property in fl over to another person, on the mortage without the lenders permission?
shane Joined: 03 Dec 2007 Posts: 240 Location: Orange County, CA 51.84 Dollars($)	Posted: Sun Jul 04, 2010 9:44 am    Post subject: Like 0 Dislike 0 They can do anything they want without the lenders permission, whether it will trigger the "due on sale clause" with the mortgage is another matter all together. I highly suggest you do not do that unless you want to roll the dice and find out what kind of financial mess you can get yourself in. Always ask the lender. _________________ Shane Milne TheBestHomeLoans.com More about Shane and Client Testimonials Mortgage Banker & Broker 949-273-4161 Lending in all 50 states FHA/VA/USDA/Coventional
rita2 Joined: 23 Apr 2010 Posts: 286 51.03 Dollars($)	Posted: Mon Jul 05, 2010 6:25 am    Post subject: Like 0 Dislike 0 Hi, Yes, you can quitclaim a property to someone's name without your lenders permission. However, if there is any mortgage against that property then the new lender needs to re-finance the mortgage in his/her name otherwise you will remain responsible for the mortgage. I would suggest you to consult with your lender before transferring the property. Hope this will help you.

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0