Legal Question in Real Estate Law in Alabama
Does a quit claim deed override a mortgage contract? Will that relieve me of my legal rights and interests of a home if I give the other co-borrower a quit claim deed so they can claim sole ownership in the property that once was shared between both of us?
Asked on 8/25/10, 8:01 pm
1 Answer from Attorneys
Mari Morrison
Mari Morrison
No, you would still be on the mortgage or debt. Not a good idea. Should refinance and give a quit claim.
Answered on 9/02/10, 6:16 pm
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