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    tony0214's Avatar
    tony0214 Posts: 1, Reputation: 1
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    #1

    Oct 25, 2008, 02:54 AM
    Quitclaim deed having still a loan
    I did a quit claim deed to a friend of mine having still a loan under my name 2 years have passed and now the bank is sending lawyers and sherifs to my home I guess looking for me.

    By the way I am from Miami. I want to know how can I solve the problem and what are the legal implications for a matter like this taking in consideration that my friend does not have the mony to pay for the full amount owed to the loan. Can the quitclaim deed be chaged back to my name!! And how??
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Oct 25, 2008, 06:09 AM

    Your friend can just quitclaim it back to you.

    You still owe it, they can foreclose on the property if they want and they can force you to pay.
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