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Updated about 10 years ago, 10/14/2014
Transfer half of the property through quit claim
Scenario:
The property is located in Georgia, South Carolina, or North Carolina.
Person A owns 50% of the property.
A is the responsible for the mortgage on the property.
Person B owns the other 50% of the property.
B is not responsible for the mortgage AT ALL; he/she's an non-obligated borrower.
If B wants to transfer his ownership to C through quitclaim deed, is there going to be any problems with?
1. The lenders?
2. Title insurance
Any other problems?