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Deed and Deed of Trust

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Post Posted: Wed Feb 24, 2010 7:36 am    Post subject: Deed and Deed of Trust
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My name is not on the loan (Promissory Note) with the bank but it is on the deed of trust and the deed. If a quit claim deed is filed to remove my name from the deed will my name also be removed from the deed of trust?
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Post Posted: Wed Feb 24, 2010 9:25 am    Post subject:
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Hi,

Your name will remove from deed of trust.

Thanks
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Post Posted: Wed Feb 24, 2010 10:25 pm    Post subject:
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Hi Guest,

Gunz is not right in saying so. A deed of trust is related to mortgage. Signing a quit claim deed will not release you from your mortgage liabilities. It will only remove your name from the property deed. If the co-borrower of the loan refinances the mortgage in his name, then you would be able to remove your name from the home loan docs.

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