Quit Claim Question.
Can I quit claim my house over to a relative in order to avoid any chance of losing it due to a possible lien for an unpaid unsecured loan?? Thanks in advance.
1 Answer from Attorneys
Re: Quit Claim Question.
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You can quit claim your home but it will not save it from a foreclosure. The secured loan will remain on the house. The transfer of the property is probably a breach of your mortgage and may hasten the foreclosure instead of avoiding it. You need to consult with a qualified attorney to review your situation and discuss your options.
Scott R. Jay, Esq.