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Quit Claim

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SusanD Guest	Posted: Fri Jul 01, 2011 7:50 pm    Post subject: Quit Claim Like 0 Dislike 0 What does filing a Quit Claim deeding it back to the bank do it you decide to walk from your home after trying to get a modification twice and havent received an answer from the bank? Am I still responsible for the HOA dues, keeping up the landscaping in the front yard and would the Quit Claim release me of any liability if someone gets hurt on my property after I have moved out? Thank you for any assistance you can provide _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Fri Jul 01, 2011 9:20 pm    Post subject: Like 0 Dislike 0 Hi SusanD, If the property is transferred to someone else, then you won't be liable for the maintenance of the property or the HOA dues. However, if there is a mortgage on the property, then you will still be responsible for it. After the property is foreclosed, the lender will come after you in order to recover the deficient balance. _________________ Procrastination is the enemy of your financial success

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