Re: Quit Claim to Remove Name Off of Mortgage
ask them: what lien?
I need to remove my name from the "lien"
are you an actual co-borrower (like in the statements come in mom's and your name) or a guarantor? If a guarantor, while I cannot say I have heard of the guarantor having a right to a lien, I understand how it might be a possibility. Maybe that is the lien (actually not a lien unless you actually file a lien. It might be a basis for a lien. Not sure though) they are speaking of.
Still not seeing why they would require you to release any possible lien though, especially since a QC only transfers any current interest you have in a property. You actually have no interest to convey but only the possibility of a future interest should your mother default and you are called on to make payments on the loan. Releasing any current interest would mean releasing nothing.
Regardless, I do not see the purpose of it.
ask them to explain what they are talking about. I have never heard of anything like this before.
I am not an attorney and any advice is not to be construed as legal advice. You might even want to ignore my advice. Actually, there are plenty of real attorneys that you might want to ignore as well.