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Company Loan Type APR Est. Pmt.

quickclaim deed

Posted on: 29th Jun, 2006 04:49 am
ract at the bank without my conse

My ex-fiance and I purchased ten acres of land. Now that we've split he's signed a quick deed to relinquish all his rights to the property. What does this mean for us or me where the bank loan is concerned. Can he go and break the binding contnt.
hi,

signing the quit claim deed doesnt transfer the loan. it only transfer the rights not the loan.
Posted on: 29th Jun, 2006 07:50 am
No, Venus, your ex-fiance cannot break the loan contract with the deed. A quit claim does not help him to take his name off the loan. He needs to pay his share of the loan payments.
Posted on: 29th Jun, 2006 09:26 am
We bought a house for our daughter. She is paying the rent, taxes and insurance. We signed a quickclaim deed and put her name on it so that she would receive the proper bills at the house address. Does that deed mean she is part owner of the house now?
Posted on: 05th Aug, 2006 11:51 am
Bud, a quit claim deed is a legal document by which a person releases any claim that they may have on the property.

I found information on this page about quit claim deed, which will help you out with more details.

Fred
Posted on: 05th Aug, 2006 12:08 pm
Hi Bud,

From what I read from the url Fred had referred, by quit claim deed your daughter has become part owner of the house.

Julia
Posted on: 05th Aug, 2006 04:58 pm
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