Quit claim deed - Posted by Chris LaPlante

Posted by John Merchant on January 12, 2007 at 14:22:30:

Doesn’t sound like your boy has the title so you may be out of luck here since she’s not likely to want to help you in any way.

And since you apparently did not have her or him give you a mortgage (or hopefully deed of trust in your state) at the time of the loan, I’d see if you couldn’t get one from both of them now.

To get a valid DT now you’d probably need a lawyer or local escrow co to do a Loan Agreement,note and DT for you.

This would give you a new date on a new note with concurrent (simultaneous) deed of trust…if they just gave you a DT now, it might or might not ba valid as the loan was made sometime back.

The new Deed of Trust, when recorded, would be valid lien and cloud on the title so the RE couldn’t be sold without paying you off.

Quit claim deed - Posted by Chris LaPlante

Posted by Chris LaPlante on January 12, 2007 at 12:28:07:

My son bought a house with his girlfriend. Her name is on the deed but not on the loan. We borrowed him $4,000 to help pay taxes. They are not getting along and I am worried if they sell the house she will take her half of the profits and he will have to pay us back with his share. What can we do to make sure we get our money off the top is they sell their house?