answersLogoWhite

0


Best Answer

The only way to "remove yourself as co-borrower" is by paying off the loan. You should be aware that if the property was transferred by a quitclaim deed the bank can demand immediate payment in full of the balance of the loan. You should consult with an attorney to assess your financial vulnerability and responsibility.

The only way to "remove yourself as co-borrower" is by paying off the loan. You should be aware that if the property was transferred by a quitclaim deed the bank can demand immediate payment in full of the balance of the loan. You should consult with an attorney to assess your financial vulnerability and responsibility.

The only way to "remove yourself as co-borrower" is by paying off the loan. You should be aware that if the property was transferred by a quitclaim deed the bank can demand immediate payment in full of the balance of the loan. You should consult with an attorney to assess your financial vulnerability and responsibility.

The only way to "remove yourself as co-borrower" is by paying off the loan. You should be aware that if the property was transferred by a quitclaim deed the bank can demand immediate payment in full of the balance of the loan. You should consult with an attorney to assess your financial vulnerability and responsibility.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

12y ago

The only way to "remove yourself as co-borrower" is by paying off the loan. You should be aware that if the property was transferred by a quitclaim deed the bank can demand immediate payment in full of the balance of the loan. You should consult with an attorney to assess your financial vulnerability and responsibility.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do you remove yourself as co-borrower from a loan when property was quit claimed to another party?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is an after-acquired title?

An after-acquired title is the legal ownership of a piece of property obtained by a party after that party has already purported to sell a falsely claimed present interest in the property to another.


What is the law on adverse possession in Arkansas?

possession if he pays taxes on property contiguous to that being claimed by adverse possession, holds color of title to that contiguous property, exclusively occupies the property claimed, is Adverse possession, in Arkansas, states that someone can obtain property if he pays taxes on property adjacent to that being claimed by adverse possession, holds color of title to that adjoining property, exclusively occupies the property claimed, is uninterrupted in possession, visibly and openly inhabits the land, in fact physically possesses the property, possesses the land without the permission of it's true owner and fulfills these requirements for seven years.


What happens if you claimed yourself and your parent claimed you as a dependent on taxes?

you will have to pay your own taxes not your parents.


Do hoboes pay rent?

only if they live on a property that is claimed but not if he or she is on the street


What is considered abandoned personal property in Nevada?

Any property that is not currently being maintained is considered abandoned personal property in Nevada. Anything can happen to this material if not claimed.


Your mother quit claimed her property to your sister. Do you have any rights to the property?

As long as your mother is the owner of the property she has the right to convey it to anyone. If she conveyed it to your sister then your sister is now the owner and you have no rights in the property.


What country claimed Alaska as its property before the US did?

Russia, so the US bought it.


How do you claim a property inheritance if relative illegally quit-claimed property?

It is likely the only option is to file a lawsuit and present evidence that the property was fraudulently conveyed to the person who now holds title.


If there are no direct descendants of a land owner and taxes have been paid how is the property claimed?

Generally when a person dies intestate with no living relatives their property escheats to the state.


My son rents apartment in San Pedro. He is on the grant deed of my property. Can he write off my interest and taxes on my property in Fullerton How can he do it?

He can if he is paying them and you have not claimed them already on your taxes.


Do you need to claim rental property income?

Yes it must be claimed as part of your income according to law.


Can your parents claim you on their taxes if you claim one?

no, once you claim someone you cannot be claimed yourself