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Account Closed
  • Real Estate Agent
  • Las Vegas, NV
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Can a Property be Deeded without Consent,Permission?

Account Closed
  • Real Estate Agent
  • Las Vegas, NV
Posted

We had a discussion about a tenant in common property with a loan on it. One of the members deeded over the property without signature (acknowledgement) of the second party and now the lender thinks that the second party is responsible for the whole loan.

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Greg H.
  • Broker/Flipper
  • Austin, TX
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Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied

A deed has to have offer and acceptance to be valid.  However, even if the deed was valid it does not release one from liability on the note.  A release or partial release of lien is the only instrument that will get one released from the note

  • Greg H.
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