Updated over 19 years ago on . Most recent reply
Quit Claim w/ mortgage
Say John Doe purchased a home and took out a mortgage on it. Later, before finishing payment on the mortgage, transfered his interest in the property via quit claim deed to Joe Blow.
Would the mortgage follow the interest to the property and become Joe Blow's responsibility, or would John Doe remain responsible for the mortgage but have no interest in the property?
-Martin