Am I Considered As Rightful Owner Even If There Is Still A Mortgage On The House After Submitting A Quit Claim Deed?
My grandparents have decided to do a quitclaim on they're property,they would like to move into senior living community, nearby is still a small mortgage due on the property.Will there be a problem with the lender to transfer the title to me .
Answer:
First, know that respectively state has its own laws concerning real property (real estate). To return with the safest answer you need to speak to a real estate lawyer or other expert surrounded by your state.
However, generally speaking, a quit claim deed only conveys what the being who issues the deed already owns. But also remember there is a contract between your parents and the lender that probably obligates them regardless, unless the lender approves a substitution. See a Lawyer.
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Answer:
First, know that respectively state has its own laws concerning real property (real estate). To return with the safest answer you need to speak to a real estate lawyer or other expert surrounded by your state.
However, generally speaking, a quit claim deed only conveys what the being who issues the deed already owns. But also remember there is a contract between your parents and the lender that probably obligates them regardless, unless the lender approves a substitution. See a Lawyer.
Resolved Questions:
What's The Procedure Of Evicting People Out Of The House That I Own...
Since no written agreement give them at least 30 days but as much as you can to tell them you entail them out by and that youre ending their lease on good standing and will refund any protection deposit within 30 days...
If My Apt Has Mice. Can I Break My Lease?
I have asked the super to help. He put traps down. That hasn't stopped the mice. I am scared of them and haven't be sleeping well. Can I break my lease? First you need to contact your landlord within writing and explain the situation...
Can You Evict A Tenant, The Wife, (whose Husband Is Not On The Lease)...
Sure can with a three day notice for illegitimate activities selling drugs on your property. Thats grounds for quick eviction You can immediately evict someone if they are adjectives in illegal activity on your property using a spy to quit. You,...