Quit Claim Question
My partner quit claimed me on the deed when he went to closing. I am not on the mortgage and the condo is 100% financed. We did not know that there was a judgment against me and it showed up on the deed when he tried to refinance.
I was told by a closing attorney that a quit claim must be approved in writing by the mortgage/lender and the person it is quit claimed too to be valid. This was not the case. The Lender was not involved and I was not at closing.
Can this deed be rendered invalid and the orignal deed with just my partner on it be re-instated?
Or, if this has to be done by the mortgage/lender institution, can they call in the loan and if so, does the Title insurance cover the lien/judgment?
He wants to sell to upgrade to a larger condo but cannot sell with the lien on the existing deed.
I have contacted the original closing attorney and he is trying everthing except admiting the wrong procedure for the quit claim. This is suppose to be a Federal Regulation for all quit claims.
Pleas respond.
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