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Yes. You are relinquishing any "right" you may have to that particular property.

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13y ago

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If a couple divorce and a quitclaim deed is to the bank can the bank foreclose on the house?

yes


Do you have to have a house for 10 years to quitclaim deed?

No. There is no time limit of ownership for you to execute a quitclaim deed. Many people execute a quitclaim deed immediately after acquiring their property, especially in commercial real estate transactions or when a straw deed has been executed to make changes in tenancy.


How do you remove yourself as co-borrower from a loan when property was quit claimed to another party?

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.


Can you use your house as collateral for a loan?

Yes, you can use your house as collateral for a loan, which means that if you fail to repay the loan, the lender can take possession of your house.


How do you do a bridge loan when there is no mortgage on one house?

How do you do bridge loan when there is no mortage on one house?


Can a home equity loan on one house be transferred to a new loan for a new house?

No


What happens if a person has a quitclaim deed and the original owners did not give up ownership of the property?

A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.


Where can one find a house loan calculator?

House loan calculators can generally be found on the websites of the companies that you want to get a house loan from, for example Bank of America or Chase.


How does a quitclaim deed work on refinancing your home?

A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.


If you default on a loan in UK can they take your house?

This will likely depend upon the type of loan you took out and whether or not your house was placed as collateral on the loan.


When a house is sold and someone has a quitclaim who gets the funds?

The legal owner gets the proceeds. A quitclaim deed is a deed. The legal owner is determined by examining the most recent deeds that have been recorded. If a person owns a home and then conveys an interest to a partner by a quitclaim deed, the proceeds will be split 50/50 between the two owners if the property is sold.


What does 'trust deeded out to a quitclaim' mean?

Your phrase does not make sense. A quitclaim is a deed. A trust does not deed out TO a quitclaim. You need to clarify your question by adding more details.