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quit deed house in memphis,tennessee

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peuell0903@comcast.net Guest	Posted: Fri Feb 05, 2010 10:00 am    Post subject: quit deed house in memphis,tennessee Like 0 Dislike 0 Thank you so very much for your reply. I have one more question. If my daughters quit claim deed the house to me, would that debt becomes mine and they would be released from their responsibility to the debt that is owed and the debt would become mine? They want out of the loan and I want to keep the house and assume responsibilty for the debt. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10250 Location: ALASKA 1043.57 Dollars($)	Posted: Sun Feb 07, 2010 10:18 pm    Post subject: Like 0 Dislike 0 Welcome peuell, Simply quit claiming a property will not make you responsible for the loan. Once your daughter quit claims the property, you need to refinance the loan in your name. This will make you liable for the mortgage. _________________ Procrastination is the enemy of your financial success

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