can a home be quitclaimed without the mgtg. being affected

adkmedia · Joined: 15 Oct 2009 Posts: 1 1.29 Dollars($)

My friend had bought a duplex in SC two years ago. Her (then) boyfriend went in on it with her. He is on the mortgage and deed and has agreed to stay on the mgtg and sign a quit claim deed if she pays him the funds he paid to her on purchasing the home. Can he sign a quit claim deed without her having to refinance the house in SC?

jameshogg · Posted: Thu Oct 15, 2009 11:13 pm Post subject:

Hi adkmedia,

He can sign a quitclaim deed and transfer the property to your friend. However, in order to release the boyfriend from the liability of paying the mortgage dues, she will have to refinance the loan. If she does not refinance the loan, the boyfriend will be liable to pay off the mortgage dues.

Thanks

All times are GMT - 7 Hours

Page 1 of 1