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when to sign the quick claim.

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ginger taylor Guest	Posted: Mon May 07, 2007 7:14 pm    Post subject: when to sign the quick claim. Like 0 Dislike 0 My property is worth at least $400,000. I am selling it to my son and wife for $150,000. My mortgage is $80,000. They have to get financing. At which point do I sign the quick claim deed?
Ryan Guest	Posted: Mon May 07, 2007 8:33 pm    Post subject: Like 0 Dislike 0 You mean that your wife and son will be assuming the mortgage?
sara Moderator Joined: 05 Jul 2006 Posts: 2645 Location: New Brunswick, New Jersey 488.43 Dollars($)	Posted: Mon May 07, 2007 9:17 pm    Post subject: RE: When to sign quitclaim during home sale Like 0 Dislike 0 Hi Ginger, Welcome to the forums. You will be signing the quitclaim deed at the time of closing of the home sale. The closing is when the home sale is finalized. There will be the title company sending a closing agent to conduct the entire process. The closing agent will be reviewing the closing documents provided by the lender and make sure that you have sign all other documents related to the home sale and paid the closing fees and escrow payments. Take Care
kenstampe Moderator Joined: 22 Jan 2007 Posts: 145 Location: Dallas, TX 50.64 Dollars($)	Posted: Tue May 08, 2007 6:38 am    Post subject: Like 0 Dislike 0 Ginger Taylor, For the folks that can assist you on this board, it would help if you provided a few additional details. 1) who currently owns the home? who is now on title? 2) who is going to be on title after the transaction is finished? what's your goal? 3) how much do you owe on your current loan? 4) how much do you want to gain after paying off the loan? With this information, people can help you more accurately with regard to using a quit claim deed or using a mortgage product to accomplish this. post back.
Samantha Community Mentor Joined: 16 Sep 2005 Posts: 1609 Location: MASSACHUSETTS 150.97 Dollars($)	Posted: Wed May 09, 2007 4:34 am    Post subject: RE: quitclaim deed signing Like 0 Dislike 0 You're right Ken. If Ginger can come up with these answers, definitely it will help me give the right suggestions. God bless.. Samantha

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