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The quitclaim does not say. It seems to be a bearer instrument. That is my concern. There are no limits stipulating how or when it will be exercised or when it will be released or any limits on who it could be transferred to. I understand I have three business days to cancel the mortgage application now that it has been signed (6:30pm Aug 30th). If I cancel the mortgage will they have to return the quitclaim?
Too late. Already signed it.
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