Home arrow Mortgage Forums arrow Deeds, Property Transfer and Estate Planning arrow

Can my quick claim deed be reversed?

Author Message
Icon Mini Profile RKimbrough02





Joined: 02 Mar 2011

Posts: 1

1.29 Dollars($)
Post Posted: Wed Mar 02, 2011 9:04 pm    Post subject: Can my quick claim deed be reversed?
Like 0
Dislike 0

If I quickclaimed my home over to a family friend who agreed to refinance the home into his name in one year and three years later has not refinanced. The mortgage company is calling me because the payment is not being made can I get the house back?
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10574
Location: ALASKA
1090.82 Dollars($)
Post Posted: Wed Mar 02, 2011 11:01 pm    Post subject:
Like 0
Dislike 0

Welcome RKimbrough,

Unless the person transfers the property to you, it won't be possible for you to get back the property in your name. You will have to ask the person to sign a quitclaim deed and transfer the property to you.

_________________
Procrastination is the enemy of your financial success
Icon Mini Profile greg3
greg3




Joined: 18 Jun 2010

Posts: 121
Location: California
21.39 Dollars($)
Post Posted: Thu Mar 03, 2011 12:18 am    Post subject:
Like 0
Dislike 0

Quote:
If I quickclaimed my home over to a family friend who agreed to refinance the home into his name in one year and three years later has not refinanced. The mortgage company is calling me because the payment is not being made can I get the house back?


You may have legal recourse if there was Quid pro quo and you can prove it. Quit claim in exchange for removing you from the mortgage certainly passes the legal test for "consideration", which would make it a valid contract; but you will want to consult an attorney as they would best be able to advise you. I am not one!

_________________
Gregorio Denny
Tripoint Mortgage Group, Inc
800-335-6897
NMLS# 247044
WeFixRates.Com

Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Refinance Quotes
Call for Rates
888-485-7561
Speak to a lender now.

We will match calls to our toll free number with our network of lenders.

Ask Questions
Community Attorney
Joshua Heard - Attorney Joshua Heard
Houston, Texas






Highlights

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool







We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.044 seconds.