Legal Question in Real Estate Law in Florida

Can a condominium property that has a mortgage on it be quit-claim deeded over to another person?


Asked on 9/28/10, 11:50 am

1 Answer from Attorneys
Shelly Schellenberg MI & FL private practice

No, It can only be quit claimed to the original owner AND adding another party (or to a trust where the owner is the settlor and beneficiary) without paying off the loan. The owner's mortgage contains a "due on sale" clause that forces owners to pay the loan on transfer.

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Answered on 10/03/10, 12:49 pm


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