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time limit once quickclaim is filed

to have mortage taken off of transferier

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Welcome jbecker,

What I'd like to say is that, a quitclaim deed (misspelled as quick claim) does not help one take his name off the mortgage.

Refer to a previous discussion on a similar topic at http://www.mortgagefit.com/search/quitclaim-deed.html#transferdebt .

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:46 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

is there a time limit to file a quickcliam

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:46 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

No, not really, Willi.

As Adonis noted, a [url=http://www.mortgagefit.com/quitclaim-deed.html]quit claim deed[/url] merely transfers an ownership interest in a property. The only way in which a name is "taken off" a mortgage is when a party (who remains as a homeowner) refinances an existing mortgage.

That action does not "take off" a name, but merely pays off the existing loan, which eliminates the person's obligation. The new mortgage, being in the name of the new, and ostensibly, only borrower will now be the only encumbrance on the property with that borrower as the only obligor.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:46 | Post subject:

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