Legal Question in Real Estate Law in California

Quit claim on home

I know this is the wrong term...that is my question...when an owner just turns over the keys to the bank, cannot pay the mortgage, what is the term I know it is not quit claim, but there is a term for it


Asked on 3/13/09, 6:54 pm

2 Answers from Attorneys
Mark Russakow Russakow, Ryan and Johnson

Re: Quit claim on home

Well some call it cash for keys. A quit claim is when you sign over whatever interest you have in a real property to another. It is the easiest way to transfer property but does not have the warranties of a grant deed or other deeds.

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Answered on 3/13/09, 7:58 pm
Robert F. Cohen Law Office of Robert F. Cohen

Re: Quit claim on home

It's called surrendering the property.

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Answered on 3/13/09, 8:48 pm


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