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What to do with rental property that I can't sell and I want to quit paying for it?
Wiki User
∙ 14y ago
Chances are that if you don't make the payments, you will go into default and the lending institution will take the property. If you are upside down in your loan on this property, you have nothing to lose but your credit standing. If you have a decent amount of equity in the property, try to negotiate with your lender so that you don't give up that equity as well. If the property is not selling because of the condition it is in, you would be wise to invest some money in repairs so that it will appeal to potential buyers.
Wiki User
∙ 14y ago
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Can a spouse quit claim a home to the non debtor spouse to prevent a property lien by a judgment creditor in Ohio?
A property lien is an attachment to the property, not the debtor. The answer would be "no", that won't help you get out of paying the debt.
What happens if a landlord loses a rental agreement and the tenants have broken the lease by not paying?
If the rent is not paid, you need to serve a notice to quit. It doesn't really matter whether you have the lease.
How can you quit paying for a car?
Sell it.
Did WWE bastista quit WWE?
He left because hhh stoped paying him then he quit
Why smokers cant quit?
it is not right
How do you quit your membership n Fantage?
You cant!
Can I remove my name from a piece of property that my husband and I own?
In most states, if you are not obligated on a note to the property, then you can simply execute a "quit claim deed" and convey your interest in the property to your husband. If you signed an outstanding mortgage you will still be responsible for paying that mortgage. Any transfer of an interest in real property should be drafted by an attorney who is familiar with the laws in your state.
We own rental property in Texas The mortgage and deed are in my name only We are planning to separate but not divorce I want to buy his interest Can I transfer his interest via a quit claim deed?
Yes you can transfer his interest using a quit claim deed. There might be a more effective way to do this and you should consult an attorney for advice.
Can the executor quit claim the property given to the executor?
They can do whatever they wish with their rights and property.
If I add my mothers name to my real estate property with a quit claim deed and she incurrs a gigantic hospital bill can the hospital take the property to pay off the debt?
It depends on the state - it's worth paying $50 to ask a real estate lawyer in your state - the might be able to file a lien against the property.
Does the father have to have the mother's consent to quit paying child support?
The father has to have the court's consent to cease paying child support.
Is it illegal to generate a quit claim deed on property you do not own at all as if it is your property?
Yes, of course.
