Posted on: 27th Jun, 2012 11:12 pm
we received a letter from our time share administrator asking us to sign a quit claim deed - they know we are no longer interested in the time share. is this a good option legally and financially or might it bite us one day in the future?
i own the house with my wife, and my parents, all of us in the loan and deed. my parents live outside the house for 3 years. i lost my job 2.5 years ago., my wife doesn't pay anything in the mortage for more than 4 years, and house going for forclusre. now we are in family court, iam not in the house any more.my parents want their share before losing everything, how can we do that snce we are not divorced officially
Hi!
Welcome to forums!
To suzanne,
You can sign a quitclaim deed and transfer the property to someone else. But transferring property won't clear you off your financial responsibility. You will have to make sure that the Timeshare Company takes over the loan that is on the property.
To DH,
This is something which your lawyer will be able to help you out with. You will have to contact a lawyer who is well versed with the domestic laws of your state and try to sort out the matter.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
To suzanne,
You can sign a quitclaim deed and transfer the property to someone else. But transferring property won't clear you off your financial responsibility. You will have to make sure that the Timeshare Company takes over the loan that is on the property.
To DH,
This is something which your lawyer will be able to help you out with. You will have to contact a lawyer who is well versed with the domestic laws of your state and try to sort out the matter.
Feel free to ask if you've further queries.
Sussane