QUESTION
is it legal to do a quit claim deed in ny?
Asked on Mar 25th, 2014 on Foreclosures - New York
More details to this question:
I live in ny and I surrendered my home in chapter 7. about 3 yrs ago.My name is still on deed and I was wondering if I can do a quit claim deed to get my name off title. I'm pretty sure I only need one signature on the quit claim for it to be legal (the grantor). I know this is a sneaky way of doing this, but is it legal? The bank wont do a deed of lieu says the house is too much underwater.Short sale wont work either. This may be my only option other than foreclosure. Can this be done?
1 ANSWER
If the foreclosure is still ongoing there is likely a Lis Pendens, or Notice of Pendency, which will preclude a new deed from being entered. Regardless, any grantee would be taking title subject to the liens.
Answered on Apr 08th, 2014 at 5:25 PM
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