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liens

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drich724 Joined: 08 Apr 2011 Posts: 1 1.28 Dollars($)	Posted: Fri Apr 08, 2011 8:11 pm    Post subject: liens Like 0 Dislike 0 if there is a lien against the property, will it prevent a quick deed from being processed
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Fri Apr 08, 2011 9:21 pm    Post subject: Like 0 Dislike 0 Hi drich, A lien on the property won't prevent a quitclaim deed from being processed. But after the property is transferred to someone else, then that person will become liable for paying off the lien. _________________ Procrastination is the enemy of your financial success
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Fri Apr 08, 2011 9:27 pm    Post subject: Like 0 Dislike 0 Hi drich724, Welcome to Mortgage fit, Firstly what you are mentioning is quitclaim deed...Most people do get confused with these similar terms...quickclaim and quitclaim... If you are quitclaiming the property as a gift or transfering it from parents to children then both the parties are most probably aware about the lien history...So if both the beneficiary and the person who quitclaim are aware about the liens history and agree to go ahead with it then I do not find any reason to have any problem with quitclaim deed..... But if some monetary gain is involved in the deal then surely it is the responsibility of the buyer that he/she should look before buying it....He/she can get the idea about the lien history from the county office... feel free to ask any further query if you have... DIPA Coming back to your question... _________________ 1.The best of intentions must still have directions !--Unknown author 2.When I hear somebody sigh, "Life is hard," I am always tempted to ask, "Compared to what?" - Sydney J. Harris
Guest	Posted: Sat Apr 09, 2011 11:50 am    Post subject: Like 0 Dislike 0 You don’t even need to have any ownership in a property to quitclaim it to someone else. Existing lien make no difference. If you were liable on the lien prior to the quitclaim deed, you’re still liable. Same applies to the grantee – the party to whom you deed the property does not magically become “liable” for the lien if not on the note. The grantee will need to continue to make payments or risk losing the property but the liability, due to lack of liability, will not be report on the grantee’s credit report nor can a judgment be taken.

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