What is the name of your state (only U.S. law)? IL
Hello, my mom, dad, and aunt has owned a home for about 30 years. My dad has been out the picture for about 8 years. My mom and aunt recently (March 2010) received a loan modification during which all the bank wanted was a divorce decree in the adsence of my fathers signature. Now we have a message that the bank wants a quit-claim deed from my dad and we don't know where my dad is. Why would a bank be concerned with getting a quit-claim deed in their hands? I heard that a quit-claim deed gives a bank the right to ask for all the money right away but a lawyer for students at my university told me that law doesn't apply to divorced couples.