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Tax Liens & Mortgage Notes

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Tim S.
  • Investor
  • California, CA
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How does a Quitclaim deed affect the note?

Tim S.
  • Investor
  • California, CA
Posted Jul 25 2016, 17:24

If the owner of record Quitclaims the deed to another party, does the note need to be modified as well to reflect the new deed holder?  I would think the answer is yes.  

I'm looking at buying a note where this is the case, seems like a problem. 

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