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Angel
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0.10 Dollars($)
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Hi,
I don't think there is any such chance. Lenders are doing business to make money and they won't allow themselves to take risks.
You may talk to your lender or seek the help of a real estate attorney for appropriate suggestions.
Angel |
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blue
Joined: 21 Oct 2005
Posts: 1138
Location: MARYLAND
137.88 Dollars($)
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| Quote: | | 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. |
You can have him sign a quit claim deed to you and that will remove his interest in the property but the lender or the bank may object because of the "due-on-sale" clause.
I shall recommend you to talk to an attorney familiar with the laws of your state on the issue. |
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lmw
Guest
0.10 Dollars($)
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Post subject: quit claim deed |
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| Hi, my boyfriend is selling his home. When he divorced, the ex signed a quit claim deed. The deed was properly filed. Now, upon doing the title search, the lawyer says the deed wasn't signed properly and she must sign another one. What does he mean, and what ramifications could this have on the sale of the property? |
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Mac_7
Guest
0.10 Dollars($)
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Post subject: RE |
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Lawyers and attorneys know more than us as far as the laws are concerned. May be he saw some problem in the deed.
You can always ask him about the mistakes he is refering too and i dont think so that signing another deed will going to put much of an impact on the sale.
Thanks |
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Melissa
Guest
0.10 Dollars($)
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Post subject: moving |
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I am moving to from Colorado to Boise Id. I have a condo that is in my name. My question is can I turn the title over to my brother or what needs to be done. I will just be turning the place over to him he will assume the loan.
Please help I am leaving soon
Melissa |
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adonis
Joined: 22 Oct 2005
Posts: 4650
Location: ALASKA
244.06 Dollars($)
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Post subject: RE |
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Hi, Melissa
Welcome to the forums.
You can transfer the title through quit claim deed. This is the most easiest and safest way to transfer the property. If you still want to know anything extra do let us know.
Thanks
_________________
Procrastination is the enemy of your financial success |
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kimberlyscissum
Joined: 16 May 2006
Posts: 2
0.24 Dollars($)
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Post subject: how can i make my ex-husband take my name off the mortgage |
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| I completed a quit claim deed but I want my name removed as well as deeding my interest. |
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Samantha
Community Mentor
Joined: 16 Sep 2005
Posts: 1606
Location: MASSACHUSETTS
150.38 Dollars($)
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Hi Kimberly,
Welcome to the MortgageFit Forums.
Your query has been answered here. Kindly check it and get back if you have any further queries.
God bless you.
For MortgageFit,
Samantha
_________________
Know how to compare lenders with mortgage booklet |
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mojeda
Guest
0.10 Dollars($)
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Post subject: divorce |
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| If I have a quick claim deed from my husband, is he entitled to part of the house if we divorced |
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Jessica
Community Mentor
Joined: 08 Jun 2004
Posts: 819
Location: OHIO
208.97 Dollars($)
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Post subject: RE: Getting property after Divorce |
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Hi Mojeda,
It depends on the court decisions as to whether your husband will be entitled to a part of the property which you have obtained through quit claim deed.
The deed has got nothing to do here, it's all about what the court offers you and your husband keeping in view both of your ownership rights in the property prior to the divorce.
Regards,
Jessica.
_________________
http://jessica.mortgagefit.com/ |
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life
Guest
0.10 Dollars($)
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Post subject: power attorney rights in a quit claim deed |
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| Power attorney executed a quit claim deed and wants equal share split to property and moneys e |
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mac_7
Guest
0.10 Dollars($)
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Post subject: RE |
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Power of attorney is a legal instrument that is user to designate legal authority to other. If a person has the power of attorney then he has the rights to take any legal decisions for the principal.
If he has the power of attorney then he can execute the share of property the way he wants.
I hope I have been able to guide you. |
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selling the property
Guest
0.10 Dollars($)
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Post subject: |
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| My husband along with a brother and mother inherrited his grandfathers house. His brother and mother wanted to take out a home equitty loan but we wanted no part of it. We signed a Quickclaim deed signing them my husbands share. My mother-in-law wants to sell the house without giving my husband anything. Can she leagaly take his inherritace because of the Quickclaim deed? |
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alberta3
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Post subject: |
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| My husband along with a brother and mother inherrited his grandfathers house. His brother and mother wanted to take out a home equitty loan but we wanted no part of it. We signed a Quickclaim deed signing them my husbands share. My mother-in-law wants to sell the house without giving my husband anything. Can she leagaly take his inherritace because of the Quickclaim deed? |
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Samantha
Community Mentor
Joined: 16 Sep 2005
Posts: 1606
Location: MASSACHUSETTS
150.38 Dollars($)
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Post subject: |
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Hi Alberta,
Welcome to MortgageFit Forums.
I am afraid that they can sell the house now with all the interests in their name.
Why did you sign a quit claim deed to them? This is the reason we always request every visitors to consult an attorney before going for a quit claim deed so that they can fully understand the consequences.
By signing a quit claim deed your husband has already handed over his interests in the property to your in-laws and unless he manages to get back his interests, he can't do anything to prevent the sale.
I doubt whether they are going to sign the deed back to him returning his interests. In that case you need to prove that the deed was signed under pressure which is a difficult thing to prove.
I shall still advise you to consult a lawyer and discuss with him about this problem.
God bless you.
For MortgageFit,
Samantha
_________________
Know how to compare lenders with mortgage booklet |
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