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    help_in_fla's Avatar
    help_in_fla Posts: 3, Reputation: 1
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    #1

    Sep 6, 2008, 08:48 PM
    Quitclaim - owner to renter
    Thank you for the fast answer.


    I put money down, went through a title company etc.

    First I realize if not paying I will be either foreclosed or in the case of the quit claim, evicted from the house as a renter.
    You say "once you default", is quit claim a default?

    Assume all is better now and I can pay the rent (assuming I sign the quit claim I will be a renter)
    I get the feeling he has other things in mind for the property.
    How much notice does he have to give?
    How long does an eviction take if I fight it and if I don't fight it?
    I assume you can be evicted even if you pay the rent and have a month to month lease?



    Quote Originally Posted by help_in_fla
    hello,

    I purchased a home in Florida, owner financed.

    In the last 3 months I have fallen behind in my payments.

    The mortgage holder now wants me to sign a quit claim to turn the house back over
    to him.

    I will become a renter, he says!

    My question, If I sign the quit claim will I be on a month to month lease and
    will he be able to evict me or request I move immediately after I sign?

    Thank you



    Quote Originally Posted by Fr_Chuck
    well first on a contract for deed he was never ever suppose to sign a deed over to you, he is a poor business person.

    He will have to foreclose on you if you actually have a deed.
    and do not sign it over.

    But yes, once you default on a contract for deed you go right to a rental, and then if you are not paying, can be evicted, but you will be evicted either way, one way you do it the legal, honest proper way, the other, you ruin your record having it in court that they had to force it
    savysmartmom's Avatar
    savysmartmom Posts: 3, Reputation: 0
    New Member
    		  
    #2

    Sep 6, 2008, 08:52 PM
    What do your loan documents say? There should be pretty specific rules that the attorney drew up when they wrote up the owner financing contract...
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