stop foreclosure loan
FORECLOSURE! my father was next of kin when my mother passed. that made him the owner of the house.?
My property is currently under foreclosure. My mother had no will, my father inherited the house 6-7 months ago. I am appointed temporary administrator by the courts. My father had an sickness which landed him in jail. He is currently still there awaiting his day in court. He hasn’t been convicted yet. The charges against him are serious. Maybe federal charges. I’m trying to make a loan modification to stop foreclosure. A bank rep. told me i need a quick claim deed. My question is will the house be involved when my father goes to court since he is the current owner? Also what are the procedures for quick claim deed? Thanks in advance.
It is a quit claim deed, not a quick claim deed. This would mean that your father has relinquished any and all claim and rights to the property to you. Any lawyer can create this for you. A quit claim dead only transfers whatever rights the grantor has to the property. I can sell you a quit claim deed to the Brooklyn Bridge, and it would be legal. You have purchased any rights that I had to the bridge (none), not the bridge itself.
One he signs the quit claim deed, he no longer has any ownership interest in the home and it should not be involved in his court cases
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