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I filed bamkruptcy in Ohio, which included my home. While I was released from the financial responsibility of paying mortgage payments, the bank refusd the home but maintaineed the deed. As a result, I am still responsible for payimg property taxes and fines levied by the City for repairs on the home. Can I quit claim deed the property to my daughter who will assume financial repsponsibility and taxes for the home.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Thats correct

once you quit claim the property to your daughter,yoru daughter is laible to pay taxes and related expenses

jenkin7 · Posted: Fri Oct 09, 2009 12:28 am Post subject:

Hi Guest,

Once you quitclaim the property to your daughter, she will be fully responsible for it. She will have to pay the property taxes and pay other property related obligations. However, i do not understand what you mean by "the bank refusd the home but maintaineed the deed". Has the bank refused to take possession of the home and foreclose on it?

manoj_gopale · Joined: 16 Feb 2009 Posts: 488 0.00 Dollars($)

I think bank has not transferred the full equity to the person yet.That is what she wanted to convey.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Also for your doughter to take the financial responsibility of this mortgage, she may need to refinance the loan in her name

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If I quit claim deed my home to my daughter, will she be responsible for the property taxes and city fines for needed repairs?