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Quick claim deed

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krkr1007 Guest	Posted: Wed May 14, 2008 11:20 am    Post subject: Quick claim deed Like 0 Dislike 0 If I sign a quick claim deed does that mean my name is off the loan? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
JuanHdez Joined: 14 May 2008 Posts: 33 Location: San Diego, CA 13.08 Dollars($)	Posted: Wed May 14, 2008 12:22 pm    Post subject: Like 0 Dislike 0 Unfortunately for you the answer is no. By signing a Quit-claim deed you relinquish rights to the property but you are still obligated on the loan. The only way to remove yourself from the loan is either by paying off the loan, or having it refinanced by the other parties involved. You might also consult the services of a Real Estate Attorney to get some detailed information.
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Wed May 14, 2008 10:35 pm    Post subject: Like 0 Dislike 0 Welcome krkr. Even I agree with JuanHdez. your name will not be removed from the loan if you quitclaim the property to someone. The grantee to whom you have quitclaimed the property need to refinance the mortgage on his/her name to relinquish your mortgage liabilities. Hey JuanHdez you seem to have very good knowledge about this industry. Please let us know something about you at http://www.mortgagefit.com/introduce-yourself.html Hope you will enjoy participating here _________________ Good is the Enemy of Great.

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