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JOseph Corley
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 Posted: Sat Sep 08, 2007 8:36 am Post subject: Quit Claim Deed |
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| Can a grantor quitclaim a deed that still has a mortage attached to it? And if so, how can that be reversed? |
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 larry
Joined: 27 Jun 2007
Posts: 3328
474.61 Dollars($)
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| Posted: Sun Sep 09, 2007 8:10 pm Post subject: |
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Hi Joseph,
Welcome to the forum.
A quitclaim deed is a type of deed which is used to transfer property even if there is any lien against it. So, there is no problem if a grantor quitclaim over a property with a loan attached to it.
But once the deed is transferred by using a quitclaim deed, it is very difficult to reverse the deed. For that, you may need the help of a lawyer. |
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miller_st
Joined: 17 Jan 2007
Posts: 917
168.95 Dollars($)
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| Posted: Mon Sep 10, 2007 1:09 pm Post subject: |
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"Can a grantor quitclaim a deed that still has a mortage attached to it? "
He can quit claim the house but the lender might ask the new owner to refinance the mortgage in his name or the loan be paid off.
Miller |
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