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Updated over 7 years ago on . Most recent reply

User Stats

74
Posts
47
Votes
Hunter Fitch
  • Mesa, AZ
47
Votes |
74
Posts

Quit Claim scenario- what to expect?

Hunter Fitch
  • Mesa, AZ
Posted

I have a rental property that was Quit-Claimed to me about 4 years ago. The title is in my name but I've been paying on the loan which is in my uncle's name.

I've got the funds together to pay off the loan with cash. What should I expect from the bank after the loan is paid off? Obviously I own the home but what paperwork might the bank send my uncle? Is there any confusion I should watch out for between the bank and the title company? Thanks in advance!

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