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quick claim deed be done with mortgage balance

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Icon Mini Profile tabithapoole69





Joined: 20 Oct 2009

Posts: 1

1.24 Dollars($)
Post Posted: Tue Oct 20, 2009 2:44 pm    Post subject: quick claim deed be done with mortgage balance
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Can I quick claim a property deed back to my father with a mortgage balance in my name on the property.
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10170
Location: Nevada
945.05 Dollars($)
Post Posted: Tue Oct 20, 2009 7:30 pm    Post subject:
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Hi tabithapoole,

You can definitely quitclaim your property to your father. However, if the lender comes to know about it, he may want your father to refinance the loan in his name or will call the loan due immediately.

Thanks
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