Posted by JPiper on May 20, 2000 at 02:35:23:
How does a lady quit claim a house as collateral? A quit claim transfers ownership. If you now own a house, how does the lady use it as collateral for a loan?
JPiper
quit claim deed - Posted by jason_ga
Posted by jason_ga on May 19, 2000 at 21:52:20:
i had a lady today, quit claim me her house as collateral against an 8,000 dollar loan. she must pay me back in 30 days.any comments on this one?
Re: quit claim deed - Posted by steve
Posted by steve on May 22, 2000 at 14:27:03:
Actually, it looks like you bought the house whether she pays you back or not.
Re: quit claim deed - Posted by Bert G
Posted by Bert G on May 21, 2000 at 11:10:51:
Looks like if she doesn’t pay you back you bought a house for $8000.
BG