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If I do a quit claim deed can home still be taken away

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Sherrystone,

Is the mortgage in default?

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:04 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

If you quit claim, only title ownership is transferred but the mortgage will remain in your name. Through [url=http://www.mortgagefit.com/refinance.html]refinance[/url] the mortgage can be transferred in the name of the person you have quit claimed the house.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:04 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Sherry, I would suggest that you let the lender know that you want to quit claim the house to someone else that is necessary as the lender has a mortgage over it.

danica

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:04 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Welcome Sherry,

The quit claim will not help you to get away from the loan. It can only transfer your interest in property to some other individual. But the loan will remain in your name until and unless you pay it off.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:04 | Post subject:

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