Quick claim deed

abel602az · #1 Dec 26, 2006, 09:32 PM

If I sign a quick claim deed over to a friend of mine and the home loan is still in my name. Can a creditor still put a lean on my home? Im I also allowed to transfer the deed even tho the loan is in my name?

excon · Dec 27, 2006, 04:07 AM

Quote:

Originally Posted by abel602az

If I sign a quick claim deed over to a friend of mine and the home loan is still in my name. Can a creditor still put a lean on my home?

Hello abel:

Of course. You don't think they can be outwitted like that, do you? And, no, you can't transfer the deed while the loan is in your name. The loan will be called.

excon

mr.yet · Dec 27, 2006, 04:13 AM

excon, is right on the money! the bank will call the loan and possibly even charge you with attempted fraud.



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!