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Quit Claim Deed

This is a discussion on Quit Claim Deed within the Mortgage Talk forums, part of our Mortgage Chat category; I am about to rent a property of a friend that can not afford to pay the mortgage because she ...




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Old May 1st, 2008, 09:01 AM   #1
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Join Date: Apr 2008
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Default Quit Claim Deed

I am about to rent a property of a friend that can not afford to pay the mortgage because she had the house she is living in built about a year ago and has not sold this house.

My question is:

Can I do a quit claim deed and take the property over and if I do will the mortgage roll over into my name?

My credit score is about a 560 so what do you think about a quit claim deed?
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