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quit claim deed

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ncdotmike Joined: 09 Jul 2008 Posts: 1 1.30 Dollars($)	Posted: Wed Jul 09, 2008 1:17 pm    Post subject: quit claim deed Like 0 Dislike 0 I live in NC and am trying to help my daughter from foreclosure. I am going to pay off her mortgage and then have her quit claim deed the property to me. Is this my best option? thanks mike
laphillips Community Expert Joined: 10 May 2008 Posts: 134 Location: Yucaipa, CA 33.92 Dollars($)	Posted: Wed Jul 09, 2008 4:00 pm    Post subject: quit claim deed Like 0 Dislike 0 Welcome Mike, This sounds VERY generous to me. Are you going to let her continue to live in the home? Are you financing the home or simply paying it off for her? _________________ Lynnette Phillips Loan Officer/Realtor, Foreclosure Consultant Home Pride Mortgage My Blog: http://activerain.com/helpingufindaway My website: http://lynnettephillips.com **This is not intended as legal advice. I am not an attorney.**
Jeanette Community Expert Joined: 19 Oct 2007 Posts: 121 Location: 760 Lynhaven Parkway, suite 140 Virginia Beach, Virginia 36.28 Dollars($)	Posted: Wed Jul 09, 2008 8:49 pm    Post subject: Like 0 Dislike 0 Mike, the other option will be to pay off just the past due balance owed. Then have her sign the quit claim deed giving you sole interest in the property . Then and only then can you do a refinance in your name only. Talk to your attorney Jeanette Smith Mortgage Planner Union Mortgage Group _________________ Life is like a bull grabit by the horn

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