Posts Tagged ‘claim deed’

In court, Which would decide ownership, name on quit claim deed vs. name on will?

Myself and the seller signed a contract to purchase a property here in Palm Beach on November 15, 2008 to close on this December 10. But I have recently found out that this seller did a quit claim deed handing the property over to his corporation on November 21, 2008. Which makes the initial contract invalid. Not only is the contract invalid but I am not able to get a FHA loan or any loan for that matter approved for this property since it is < than 90 days the deed of the property has been transferred.

So to my questions are Is this legal for the seller to do after a signed contract is in place? and Is there any other way this transaction can be completed in < 90 days besides paying cash for this property?

Thank you any help would be greatly appreciated.

This is not considered a relocation. The seller actually changed the name on the deed to his corporate name which in fha’s eyes is now required to hold for 90 days.

My husband and I just purchased a home with his mother. (a month ago). We would like to get her name taken off the deed because she might be sued and we are afraid that they will come after the property. It would be okay with her to still have her name on the loan since we wouldn’t be able to qualify for a new loan on our own ( my husband and I).

Would a quit claim deed take care of this and could the back prevent us from doing this? Is it too soon to execute this being that we only closed on the house a month ago? How do we go about doing this? Do we need an attorney for this or can this be done on our own? We are in New Jersey.

Thanks

My husband and his father purchased a house. My husband was married to his ex when he purchased the house. All three of them (my husband, his father and the ex-who was his wife at the time) were put on the deed. Only my husband and his father were on the mortgage.
When they divorced- my husband was awarded the house. He lived there for about 2 years and then when we decided to get married we moved. When we moved his ex asked if she could buy the house for the same amount my husband had purchased it for a few years earlier. We agreed. My husband signed a quit claim to her. We let her move in with the arrangement that she would have a few months to get it financed and out of my husband and his father’s names. My husband’s father never signed the quit claim.
Being that my husband’s father never signed the quit claim deed, is it still valid?
I am asking because now a year later, she still hasn’t financed the house and we are weighing our legal options.
Apparently she is running into problems with the quit claim now because she has come to us saying that it has to be re done I don’t know if it wasn’t valid, didn’t have enough info or if it got lost or something but…OBVIOUSLY we aren’t going to sign anything else until it is financed.

Hi all – I live in Michigan and had bought a house with my boyfriend. We broke up and I moved out. I wanted to sell it but he wanted to stay there. My then ex-boyfriend asked me to sign a quit claim deed because he needed me to do that so he could refinance the home in his name only. It never happened — over 3 years later it still shows up on my credit (he has been paying on time). I have letters and emails from him stating that if I signed that deed that he would then be able to refinance. Do I have any legal rights here? It is going to affect my ability to purchase a new home with my husband. Any ideas/advice would be greatly appreciated!
Sorry to the first two repondents — I realized I needed to add more info for you.

Hi all – I live in Michigan and had bought a house with my boyfriend. We broke up and I moved out. I wanted to sell it but he wanted to stay there. My then ex-boyfriend asked me to sign a quit claim deed because he needed me to do that so he could refinance the home in his name only. I did sign the quit claim deed and it was filed. He never refinanced to take my name off the mortgage. Over 3 years later it still shows up on my credit (he has been paying on time). I have letters and emails from him stating that if I signed that deed that he would then be able to refinance. Do I have any legal rights here? It is going to affect my ability to purchase a new home with my husband. Any ideas/advice would be greatly appreciated!