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 ramolina
Joined: 16 Jul 2009
Posts: 1
1.30 Dollars($)
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 Posted: Thu Jul 16, 2009 11:54 am Post subject: Is it legal to sign a quit claim deed if property is in forc |
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| My house is in forclosure and we have been trying to negotiate a shortsale with the lender, now the buyer of the property wants us to quit claim the property over to them so they can negotiate a refinance with out lender. Is this legal to do in the middle of the house going thru the forclosre. My property is in FLorida. |
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sunnyca2009
Joined: 04 Aug 2009
Posts: 1737
36.13 Dollars($)
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| Posted: Fri Sep 11, 2009 10:01 pm Post subject: |
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If you dod quit claim then will remove your name from the property, it will not transfer the loan to your potential buyer.
Unless thier name is on the loan the bank may not want to talk to them about, unless the bank wants to sell the house to them after foreclosure |
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jheard
Moderator
Joined: 12 Dec 2007
Posts: 599
Location: Houston, TX
98.69 Dollars($)
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| Posted: Sun Sep 13, 2009 10:30 am Post subject: |
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You can quitclaim the property to them, but they take it subject to the foreclosing lien.
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Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation. |
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