Quit Claim Deed

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If I transfer ownership of property to a corporation with a quit claim deed, am I still liable for a mortgage payments?

Guest 0.10 Dollars($)

Yes, you will still be liable for the payments even though you have transferred your property to a corporation.

adonis · Posted: Fri Sep 21, 2007 12:04 am Post subject:

Welcome Vicky,

You can transfer property by the use of quitclaim deed but this cannot transfer your loan. To know more, refer to http://www.mortgagefit.com/discuss/about2007.html .

liaoyu03 · Joined: 09 Sep 2007 Posts: 154 2.00 Dollars($)

Yes,Vicky. The loan can't be transfer. If you can do this, all people will do this like you. obviously, it's not actually.