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#1
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Quit ClaimWhat is the name of your state? TN With a quit claim, does the "new owner" inherit the mortgage history as well? Does the lender recognize that there is a new person responsible for the payments and give the new owner a clean slate for the mortgage history? |
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#2
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The obligation to pay the mortgage remains unchanged.
__________________ There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution). Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport! |
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#3
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| So does the "new owner" have a right to refinance? |
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#4
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| Quote:
__________________ There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution). Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport! |
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#5
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The "new owner" unless paying cash will probably have a requirement to refinance unless the mortgage is written as an assumable mortgage. The current mortgage may very well have a due on sale clause and will become due in full upon transfer of title. So the "old owner" will have to pony up the cash to pay off the mortgage. |
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