Legal Question in Real Estate Law in New Jersey

can one file a quick claim deed off of a property to become free of debt on it ?

the home is co-owned by my son and i.he is now married [for 1.5 years. he and i refinanced on the property 1 year ago


Asked on 2/24/11, 5:12 pm

1 Answer from Attorneys
John Corbett Corbett Law Firm LLC

A quitclaim deed is a means of transferring one's interest in real property without making any warranties of ownership. The giving of a quitclaim deed does not reduce or transfer any debt and may actually accellerate debt on a mortgage loan.

See: http://info.corbettlaw.net/cosign.htm

See also: http://info.corbettlaw.net/lawguru.htm

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Answered on 2/25/11, 7:16 am


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