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12-07-2009, 08:43 PM #1
Renter
- Join Date
- Dec 2009
- Posts
- 1
Quit Claim Deed
I have a question regarding a quit claim deed.
I want to remove someone from the title. They have agreed to do so, however, I am worried about activating the due-on-sale clause. I am not planning on selling or refinancing in the near future.
I have two options:
1) Record the quit claim deed and risk the fact they will not call the loan.
2) Retain the quit claim deed and only record it when I need to (thus, is there a statue of limitations on recording the form??).
I want to know if anyone has had a loan called and what is the likelihood of this occurring? Most people I have spoken to have said that they won't do it unless I become late on my payments. What do you think? Thanks!



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