General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 18 years ago,
Quit Claim w/ mortgage
Say John Doe purchased a home and took out a mortgage on it. Later, before finishing payment on the mortgage, transfered his interest in the property via quit claim deed to Joe Blow.
Would the mortgage follow the interest to the property and become Joe Blow's responsibility, or would John Doe remain responsible for the mortgage but have no interest in the property?
-Martin