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Updated about 9 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • Real Estate Agent
  • from Las Vegas, NV
  • Member since Jan 29, 2015
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Agent
  • from Las Vegas, NV
  • Member since Jan 29, 2015
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Account Closed
  • Real Estate Agent
  • Las Vegas, NV
1,347
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Buying & Selling Real Estate

Can a Property be Deeded without Consent,Permission?

Account Closed
  • Real Estate Agent
  • Las Vegas, NV
Posted

We had a discussion about a tenant in common property with a loan on it. One of the members deeded over the property without signature (acknowledgement) of the second party and now the lender thinks that the second party is responsible for the whole loan.

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Greg H.'s profile image
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Greg H.
  • Broker/Flipper
  • from Austin, Texas
  • Member since Jan 2, 2013
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Greg H.'s profile image
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Greg H.
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  • from Austin, Texas
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Greg H.
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Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied

A deed has to have offer and acceptance to be valid.  However, even if the deed was valid it does not release one from liability on the note.  A release or partial release of lien is the only instrument that will get one released from the note

  • Greg H.
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