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QUIT CLAIM DEED

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COOKIE Guest	Posted: Sat Jul 25, 2009 9:28 am    Post subject: QUIT CLAIM DEED IS IT LEGAL IN NEW YORK STATE TO "QUIT CLAIM" PROPERTY THAT HAS BACK TAXES DUE ON THE PROPERTY? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
cliveselley Joined: 23 Jul 2009 Posts: 45 0.00 Dollars($)	Posted: Sat Jul 25, 2009 9:43 am    Post subject: quit claim does not guarantee that property is free from mortgage & taxes
manoj_gopale Joined: 16 Feb 2009 Posts: 481 0.59 Dollars($)	Posted: Sat Jul 25, 2009 10:00 am    Post subject: quitclaim deed only transfers the ownership and not the mortgage and taxes associated with it for previous years.
tigerfamous Joined: 11 Jul 2009 Posts: 57 6.76 Dollars($)	Posted: Sat Jul 25, 2009 8:56 pm    Post subject: quit claim deed allows you to claim the interest of the property. It has nothing to do with the mortgage and/or tax. You better consult your real estate lawyer for details.
adonis Joined: 22 Oct 2005 Posts: 4719 Location: ALASKA 255.10 Dollars($)	Posted: Mon Jul 27, 2009 12:35 am    Post subject: Hi COOKIE, If the property is transferred with back taxes on it, the grantee will then become responsible for paying off the back taxes. _________________ Procrastination is the enemy of your financial success

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