Updated over 9 years ago on . Most recent reply
Quick claim deed
I have a question about a house I've recently acquired. The house was given to me by my father, there is still a mortgage on it that I am paying. We've done a quick claim deed to secure my interest in the home. My question is, seeing I have the quick claim deed would I be eligible to get a rehab loan from a bank in my name, using the property as collateral? At this point I am unsure if I want to keep the house or sell it after its renovated. But I want to keep my options open that's why I don't want to use private or hard money lenders.Thanks for the help.