Wednesday, May 26, 2010

Real state quit claim is it just for the title or it includes the loan also???

A quit claim deed transfers titles without any warranties. It does nothing for the loan or mortgage/deed of trust.



Real state quit claim is it just for the title or it includes the loan also???

You%26#039;re a bit confused.



A Quit Claim Deed generally transfers title to REAL PROPERTY (Real Estate) only. For a loan to be transferred, it is assigned or assumed, and generally requires permission of lender. A Quit Claim Deed transfers all the title that the seller has, without making any promises or warranties about whether it is %26quot;good%26quot; title.



Real state quit claim is it just for the title or it includes the loan also???

No, a quit claim deed transfers title without warranties, meaning without guaranteeing clear title.



The loan is an entirely separate matter and the quit claim deed will have no effect on the mortgage.



Real state quit claim is it just for the title or it includes the loan also???

It relinquishes any interest in the property title. It does nothing toward getting someone %26quot;off%26quot; of a mortgage note.

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