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Quit claim

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rob5449 Joined: 11 Apr 2008 Posts: 3 2.02 Dollars($)	Posted: Tue Aug 12, 2008 6:49 am    Post subject: Quit claim I own property with another. My name is on the title (deed?) and the mortgage. My name is not on the loan. If I quit claim the property to the other and the property forecloses, is my credit affected (since I am not on the loan)?
laphillips Community Experts Joined: 10 May 2008 Posts: 134 Location: Yucaipa, CA 33.92 Dollars($)	Posted: Tue Aug 12, 2008 9:44 am    Post subject: Quit claim Since mortgage & loan are synonymous I don't understand how this works...please explain. _________________ Lynnette Phillips Loan Officer/Realtor, Foreclosure Consultant Home Pride Mortgage My Blog: http://activerain.com/helpingufindaway My website: http://lynnettephillips.com **This is not intended as legal advice. I am not an attorney.**

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