Foreclosure

Can you quick claim deed if house is in foreclosure?

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2014-11-23 23:58:51
2014-11-23 23:58:51

You could file a quit claim deed. It will not remove your obligations under the mortgage and since the quit claim means they get the same rights you have, it doesn't to any good, except if there is any equity in the property after the sale, they will get it, not you.

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In Ohio, signing a quick claim deed to land and a house when your name is on the loan will still make you legally responsible for the loan.


In Ohio, if you sign a quick claim deed to land and a house when your name is still on the mortgage loan, you will still be responsible to the bank.


no, it is illegal both on the house - both have to sign one can sign a quick claim deed and then the other can refi the house? no, it is illegal both on the house - both have to sign one can sign a quick claim deed and then the other can refi the house?


You can't remove your name from a deed. After the foreclosure sale a foreclosure deed will be recorded from the lender to the new owner. Your deed will remain on record as part of the record history of the property.


In order to file a quick claim deed, a person must have a written form that is signed before a notary that outlines the assets and conditions of the deed. A quick claim deed must also have a grantor and a grantee.


There is no such thing as a quick claim deed. Quitclaim deed is the correct term. A quitclaim deed is a written instrument used to transfer an owner's interest in real property.


deed in lieu after foreclosure?


If two people owned property, executed a mortgage, and the mortgage is in default, the foreclosure will be filed in both names. It was both mortgagors who defaulted and both will be parties to the foreclosure. If one executes a quitclaim deed to the other that will not stop their being mentioned in the foreclosure.


Quick Claim Deed is usually misspelled and should be Quit Claim Deed. If you are granting the deed you are "quitting" any interest in the property. A quitclaim deed is a fast and effective way of transfering property.


If the original holder had an action. The quit claim deed only gives the individual the same rights as the original person.


If you are not on the title, no, you cannot quit claim the deed. The executor of the estate will have to execute a transfer of the property, once the estate is settled.


It is a 'quit claim' deed. It means the grantor gives any rights to the property to the new person.


Getting a devorce and house is facing forclosure but my name is not on deed. Am I liable.


Deed in lieu of foreclosure is not nearly as devastating to your credit as is a full foreclosure. Below is an article about the pros and cons of deed in lieu.


First of all, although it is often times called a "quick claim deed", it is actually called a "quit-claim deed". What one is doing who is transferring real property via a quit-claim deed is quitting or giving up whatever claim they have in the property. A quit-claim deed, therefore, can be a risky way of purchasing property when compared to using title insurance.From there, the process depends on state law. The Grantor is the person who is quitting their claim, the Grantee is the one who is receiving the claim.



You can transfer your real property to the trustee of a trust using a quitclaim deed.


They are not the same, a quit claim deed is a method of transferring rights to property. Joint owned is a form of ownership.



A letter requesting the deed in lieu of foreclosure is written to the bank. You should explain the foreclosure situation and request the deed afterward.


A deed cannot be rescinded. The grantee in the deed is the new owner of the property until they execute a deed that conveys or releases their interest in the property.


It is a "quit claim deed" that you have to obtain and you have to refinance to drop the other name. It is a "quit claim deed" that you have to obtain and you have to refinance to drop the other name. It is a "quit claim deed" that you have to obtain and you have to refinance to drop the other name. It is a "quit claim deed" that you have to obtain and you have to refinance to drop the other name.


Yes, unless you bargain for a deed in lieu of foreclosure, Basic- if bank forcloses, its on your record.


There are many ways one can stop foreclosure on their house. One can stop foreclosure on their house by changing the terms of their loan, spreading out missed payments over a longer period of time, and signing a deed-in-lieu of foreclosure.


If you didn't sign the mortgage then the bank can't come after you for payment in the case of a default. However, they can foreclose on the mortgage and take possession of the property notwithstanding the quitclaim deed to you.



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