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quitclaim deed

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mikew Guest	Posted: Mon Apr 04, 2011 8:14 am    Post subject: quitclaim deed Like 0 Dislike 0 Upon death of the mortgage holder, who is liable for the balance if those on the quit claim deed are not on the mortgage docs? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Mon Apr 04, 2011 8:26 am    Post subject: Like 0 Dislike 0 Successors aren't legally liable for payment of mortgage debts of a deceased family member, but if there's a desire to retain the home, it would clearly be beneficial to work out a plan for the payment of said mortgage. Lenders aren't very attentive to the death of a borrower, and if someone simply continued making mortgage payments so as to keep the loan on a current basis, there'd be no interference from the lender's standpoint. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

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