Home arrow Mortgage Forums arrow Deeds, Property Transfer and Estate Planning arrow

Quit Claim Deed

Author Message
JOseph Corley

Guest







Post Posted: Sat Sep 08, 2007 8:36 am    Post subject: Quit Claim Deed
Like 0
Dislike 0

Can a grantor quitclaim a deed that still has a mortage attached to it? And if so, how can that be reversed?
Icon Mini Profile larry





Joined: 27 Jun 2007

Posts: 3322

474.67 Dollars($)
Post Posted: Sun Sep 09, 2007 8:10 pm    Post subject:
Like 0
Dislike 0

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.
Icon Mini Profile miller_st
miller_st




Joined: 17 Jan 2007

Posts: 918

168.95 Dollars($)
Post Posted: Mon Sep 10, 2007 1:09 pm    Post subject:
Like 0
Dislike 0

"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
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Refinance Quotes
Call for Rates
888-485-7561
Speak to a lender now.

We will match calls to our toll free number with our network of lenders.

Ask Questions
Community Attorney
Joshua Heard - Attorney Joshua Heard
Houston, Texas






Highlights
Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool






Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.062 seconds.