Legal Question in Credit and Debt Law in Kentucky
qick claim deed
Can you do a qick claim deed on your home to stop fourcloser
Asked on 6/24/07, 11:06 am
1 Answer from Attorneys
E. Brian Davis
Davis Law Office
Re: quit caim deed
No, a quit claim deed will not stop a foreclosure. That is true whether you deed the property before or after the foreclosure has started.
If before foreclosure, then the person to whom you deeded the property will just be named in the foreclosure suit.
If after, the person who got the property takes it SUBJECT TO the foreclosure.
If you are trying to save your house, have fallen behind on payments, but can now once again make payments, a Chapter 13 bankruptcy MAY help you save the house. Consult an experienced bankruptcy attorney for a complete analysis. Many offer free initial consulations. Good luck!
Answered on 6/24/07, 12:34 pm