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blue
Joined: 21 Oct 2005
Posts: 1135
Location: MARYLAND
134.28 Dollars($)
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 Posted: Tue May 02, 2006 4:01 pm Post subject: |
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Hi,
You can get her name removed from the deed through a quit claim deed. Take the help of an attorney and get it done under his guidance.
Get the deed notarized and recorded in your County's recorder office. Feel free to ask if you have any more queries.
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michele
Guest
0.10 Dollars($)
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| Posted: Fri May 05, 2006 9:40 am Post subject: quit claim deed |
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| My house and home equity was listed as part of my bankruptcy. I didn't give up the house right away. It was not re instated, so now it is in foreclosure so the two companies can decide between the two who is going to get what. They are recommending a quit claim deed, since the house is vacant. Is this a good thing to do? I don't understand when you say by signing you are still responsible for mortgage payments, but I am not due to bankruptcy. Let me know your side. |
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douglas
Guest
0.10 Dollars($)
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| Posted: Fri May 05, 2006 9:49 am Post subject: |
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Did you ask them the reason behind asking a quit claim deed?
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blue
Joined: 21 Oct 2005
Posts: 1135
Location: MARYLAND
134.28 Dollars($)
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| Posted: Fri May 05, 2006 10:09 am Post subject: |
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Hi Michelle,
If your house is already in a foreclosure, then I don't think there is any reason to go for a quit claim deed again. One intention may be to be save you from further damaging your credit as the house will not be further in your name.
Otherwise they are going to sell the house and get the mortgage satisfied themselves. Quit claim deed transfers whatever interest you have in the house to the grantee but it has nothing to do with the mortgage.
The mortgage still remains in your name and you are held responsible to pay for it.
Blue
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shelia
Guest
0.10 Dollars($)
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| Posted: Sat May 06, 2006 7:13 pm Post subject: second mortgage |
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| I am currently in a chapter 13, without my knowledge or my attorneys,the judge lifted a stay and now the company, that holds the second on my mortgage is going to close, on my houses what can i do |
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Mac_7
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0.10 Dollars($)
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| Posted: Sat May 06, 2006 10:35 pm Post subject: RE |
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You should consult your attorney 1st, as these action was taken by the court so it a legal issue now. And who else can give you a better advice than attorney.
Your attorney can guide you well on how to stop this. |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 539
Location: MICHIGAN
49.64 Dollars($)
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| Posted: Sun May 07, 2006 7:16 pm Post subject: RE: |
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I completely agree will Mac here. You should consult an attorney ASAP. He is the best person to help you out in this situation.
Thanks,
Jerry |
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kathy
Guest
0.10 Dollars($)
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| Posted: Mon May 08, 2006 12:14 pm Post subject: quit claim deed |
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| how do you get one of these quit claim deeds filed? |
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Samantha
Community Mentor
Joined: 16 Sep 2005
Posts: 1453
Location: MASSACHUSETTS
121.02 Dollars($)
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| Posted: Mon May 08, 2006 12:43 pm Post subject: |
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Hi Kathy,
Welcome to MortgageFit Forums.
Regarding quit claim deed; you may file it yourself or take the help of an attorney. I shall recommend to consult an attorney and get it done under his guidance as these real estate deeds are critical to handle for people who are not in that field.
The deed holds the name of the names of the grantors and the grantees and the detail of the interest of the property that is to be transferred.
It needs to be signed by both the grantors and the grantees. After the signatures are over you should get it notarized and get it recorded in the County's recorder office.
Feel free to ask if you have some more doubts.
God bless you.
For MortgageFit,
Samantha
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Angel
Guest
0.10 Dollars($)
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| Posted: Mon May 08, 2006 12:46 pm Post subject: |
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Hi Kathy,
You will get the form for quit claim deed in any office supply store or you can collect it online.
But as suggested by Samantha, you should take the help of a real estate attorney for going through the process and to have a smooth transfer. |
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Vikki
Guest
0.10 Dollars($)
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| Posted: Wed May 10, 2006 7:59 am Post subject: quit claim deed |
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My mother owns a home in which my sister rents. My mom is thinking about signing a quit claim deed to sign it over to my sister. My mom wants to know, if she passes, will the house automatically go to my sister. If not, what would happen to the house? Note, the house is not paid off.
Thanks |
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adonis
Joined: 22 Oct 2005
Posts: 1236
Location: ALASKA
105.68 Dollars($)
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| Posted: Wed May 10, 2006 8:32 am Post subject: Re |
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If your mom deeded the house to your sister then she will have the rights over the property.
To be more safe, your mother can also transfer the full ownership of the house to your sister. what I can suggest you is, you should process this under your local attorneys supervission.
Hope this helps.
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 539
Location: MICHIGAN
49.64 Dollars($)
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| Posted: Wed May 10, 2006 8:46 am Post subject: RE: |
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Hi,
Welcome to the Forums.
Through a quit claim deed only the interest in the title gets transferred. And therefore even after your mom signs a quit claim deed she will not be able to transfer all the ownership rights to your sister.
I would advice you to ask your mom to go for a title deed. And like Adonis said to be on the safer side please take help of an attorney.
Please feel free to ask if you have any more problems.
Thanks,
Jerry |
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Son%Father
Guest
0.10 Dollars($)
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| Posted: Wed May 10, 2006 3:00 pm Post subject: |
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Hi,
My father and I are in the process of purchasing a home. I will be in school this year and so will not have an income so my father had to be on the loan as a gurantee of payment. The way the loan application is drawn up is as both of us as co-borrowers. I must also mention that it is a FHA non-owner occupied loan. My question is 2 fold. 1st. Is it possible to get my fathers name off of the deed before closing so that he is only on the mortgage as a gurantee of payment and 2. If this is not possible could he quick claim the deed to me after say 2 months. The payments and everythign will still be paid in the same way but he just does not want to be on the deed because of liability issues in the case that something would happen on the property and he was sued.
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jameshogg
Joined: 20 Dec 2005
Posts: 879
Location: nevada
103.71 Dollars($)
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| Posted: Wed May 10, 2006 3:31 pm Post subject: |
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Hi,
Since you don't have any income, so I think that your father is the primary borrower on the loan. In that case the lender will not allow his name to be removed from the deed.
In any case if any real estate transfer has to be done with a mortgage on it then, you need to inform the lender as otherwise the mortgage may fall due immediately.
James |
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