Is a quit claim deed bad?

Is a quit claim deed bad?

A quitclaim deed is a poor way to give legal ownership of a property back to a previous owner — or to transfer it to anyone except those close to you — because there is no guarantee that your ownership interest is valid and uncontested. The other party likely will insist on a grant deed or a warranty deed.

Can one file a quit claim deed without refinancing the mortgage?

You can file a quitclaim deed without refinancing your mortgage, but you are still responsible for the payments. Transferring the mortgage without refinancing is possible through an assumption of the loan, which requires lender approval.

Can you remove a name from a deed without refinancing?

If you want to remove a name from a joint mortgage loan, whether it is your name or the name of your co-borrower, it is possible to do so without refinancing. This situation might occur if a relationship breaks up or a living situation changes. However, each option has its downside and may not be successful.