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Should I sign a quit claim deed as long as I am on the mortgage loan?

jenkin7's picture
jenkin7 | Joined: June 4, 2007 11:02 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi topgunmoving,

If you sign the quitclaim deed, you will relinquish all your rights to it. Thus, if the house is sold in future, you cannot claim your interest in it. If you are on the mortgage loan, you will be held responsible for it, although you will not have the property in your name after signing on the deed.

Like | Dislike | Share | Posted: Tue, 04/21/2009 - 23:32 | Post subject:

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