The Tax Questions Blog

Posts Tagged ‘county’

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Question: Can you quit claim a property back to the bank who has the current mortgage on it?

In my line of work, I was asked this question..borrower resides in a state where it takes nearly three years to complete an actual foreclosure even if the borrower files BK..borrower is still on deed until foreclosure is complete and although have no financial obligations ...remain responsible for upkeep and nuisance laws and can actually have a warrant issued for non compliance of upkeep...customer wants to know why he cannot just quit claim the property back to the lender and file it?

Answer: Yes you can but the bank does not have to accept it.

Property dispute spurred by 'land patent'

A homeowner who wanted to sell his house in north Casper thisyear ran into a paper wall because of a family dispute fought witha document called a land patent.

Inexpensive Divorce Solutions, Ed Sherman, Divorce Expert Attorney