Deductions & credits


@Opus 17 wrote:

Since there is a mortgage on the property, the quit claim deed might be invalid.  It might not be allowed to actually transfer ownership without permission from the lien holder. 


Quitclaim deeds are virtually never invalid merely because there is a lien (or liens) on the property. The mortgagee may be able to invoke a due-on-sale clause, but the actual transfer would not be invalid.

 

Permission from the lienholder is not required for a valid transfer as a quitclaim deed merely transfers the interest held by the grantor if, in fact, the grantor has any interest whatsoever (the lien follows the transfer, regardless).

 

I concur with the suggestion to seek local counsel for this matter.