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Re: You can quitclaim your property interest any time.

Posted by PB on July 13, 2006 at 10:10 PM

In Reply to: You can quitclaim your property interest any time. posted by Ward-CA- on March 24, 2002 at 2:14 PM

How does the ability to Quit Claim a property to a 3rd party or a spouse affect the Trustee Sale if the orignal owner is still in Foreclosure but has Quit Claimed the property away?
Would this create unique issues when you purchase the property at Auction and attempt to take ownership?

Thanks for your replies.

: : Is it legal to Quit Claim a property to a third party despite still having the mortgage remain as is? My friend is in a deperate situation where she is about to lose her property and has no more time to sell it. I've offered to bring her current, and assume responsiblity of the property. She has in turn offered to quit-claim the property to me, while I just continue to make her payments directly to the mortgage company.

: =•=•=•=•=•=•=•=•=•=•=

: Christian,

: Yes, you can transfer title to another party any time you want via a quitclaim deed.



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