Posted by Shad, SJC, CA on October 11, 1998 at 17:30:10:
Does anyone know how a quit claim specifically works? If someone were to purchase a property under their own name and finance it under their name as well, what would happen if they quit claim it to someone else?
What happens if they quit claim it and the person they quit claim it too just decides not to pay the mortgage (what a fool if they did stop paying)?
What legal things could arise to the person that originally purchased the property then quit claimed it?
Thanks,
Shadrick L. Bowe