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    JudMarie's Avatar
    JudMarie Posts: 14, Reputation: 1
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    #21

    Feb 22, 2011, 05:30 PM
    Sorry about posting incorrectly or in the incorrect spot. This is my first time posting here
    JudMarie's Avatar
    JudMarie Posts: 14, Reputation: 1
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    #22

    Feb 22, 2011, 05:33 PM
    Please explain how they may have forfeited their claim on the property.
    They were made aware and sent a copy of the quit claim deed transfer when I got my copy of it.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #23

    Feb 22, 2011, 06:18 PM

    A mortgage is a lien against a property. A lien means that the property can't be transferred without the lien being satisfied. So if the property was transferred their lien may no longer be valid.

    That's why you need a lawyer who knows the local laws and can get creative.
    JudMarie's Avatar
    JudMarie Posts: 14, Reputation: 1
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    #24

    Feb 22, 2011, 06:19 PM
    Interesting. Thank you
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #25

    Feb 22, 2011, 09:22 PM
    [QUOTE=ScottGem;2717903]A mortgage is a lien against a property. A lien means that the property can't be transferred without the lien being satisfied. So if the property was transferred their lien may no longer be valid. QUOTE]

    What it means is that, if the property is transferred, it is still be subject to the lien. Normally, when it is sold the buyer will refuse to accept it unless the lien is satisfied. A transfer normally wouldn't invalidate the lien, but normally wouldn't happen unless the lien is satisfied.
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