Real Estate Law
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Answered in 15 minutes by:
2/6/2010
Roger, Lawyer
Category: Real Estate Law
Satisfied Customers: 32,630
Experience: BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
VerifiedShe can deed you whatever interest she has in the house by a quitclaim deed. The mortgage remains outstanding and the person the signed the loan is still responsible.
If the loan is not paid and goes into default, both the owners ( on deed) and the borrower will lose their interest in the property through foreclosure.
If the loan is not paid and goes into default, both the owners ( on deed) and the borrower will lose their interest in the property through foreclosure.
Well, you've confused me. You said that she had a quitclaim deed for the property from him and then you said that she's not on the title. If she is not on the title, she can't sell you anything because she doesn't own it.
If she owns the property, she can sell it to you and you can refinance the debt.
You should get him to deed you any interest he has as well.
If she owns the property, she can sell it to you and you can refinance the debt.
You should get him to deed you any interest he has as well.
Roger, Lawyer
Category: Real Estate Law
Satisfied Customers: 32,630
Experience: BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
VerifiedRoger and 87 other Real Estate Law Specialists are ready to help you
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