Posted on: 03rd Oct, 2009 02:05 pm
i have a renter that wants to buy our rent house. she is signing a promissary note and mortgage contract for the property. should i sign a quit claim deed and still make her responsible for the mortgage payment to me? i am carrying the mortgage..
Do nto hadle this transcation just by quit claim deed. it good for both of you
Do a warranty deed and make sureyou also have an attorney.
This just for every ones protection, if things go bad in the future
Do a warranty deed and make sureyou also have an attorney.
This just for every ones protection, if things go bad in the future
do not continue with mortgage in your name. ask her to refinance in her name.
Leee I amnot sure if your answer si related to the post
Hi sharon!
Welcome to forums!
As your tenant is signing the promissory note and the mortgage deed, she would henceforth become responsible for the mortgage dues. Signing a quitclaim deed alone will not make her responsible for the mortgage dues.
Sussane
Welcome to forums!
As your tenant is signing the promissory note and the mortgage deed, she would henceforth become responsible for the mortgage dues. Signing a quitclaim deed alone will not make her responsible for the mortgage dues.
Sussane