Legal Question in Real Estate Law in New York
quick claim deeds
legally - can A deed a house to B (a family member) if A holds the mortgage?
Asked on 7/30/08, 2:04 pm
2 Answers from Attorneys
Christopher Mitchell
Law Offices of Laurence Kramer, PLLC
Re: quick claim deeds
A may transfer title to the property to B via the execution of a Deed. However, the mortgage runs with the land and will remain as a lien against the property unless the mortgage is paid in full (satisfied) at the time of the transfer.
Feel free to contact me if you have any further questions.
Answered on 7/30/08, 2:54 pm
Christopher Mitchell
Law Offices of Laurence Kramer, PLLC
Re: quick claim deeds
A may transfer title to the property to B via the execution of a Deed. However, the mortgage runs with the land and will remain as a lien against the property unless the mortgage is paid in full (satisfied) at the time of the transfer.
Feel free to contact me if you have any further questions.
Answered on 7/30/08, 2:55 pm
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