Trulia Voices—Glendale

Top Voices      Member Search BETA      Create a profile

Ask a question

Browse

Search

e.g.: "San Francisco, CA"
e.g.: "Parks" or "Schools"

Email me when:

RSS
 
Share this: 
  • del.icio.us
  • Digg
  • Reddit
  • StumbleUpon
  • NewsVine
 

my aunt bougth ahouse and quit claim it to me it is recorded in the county of LA im behind 3 months now will

a short sale be better if yes who will get the 1099 is it me or my aunt?
Fri Jan 4 2008, 18:31 - Glendale - Financing - 1 answer
 
Useful
(0)
 
 
Not useful
(0)
 
  report get email alerts email a friend
 
Monet
Just Looking
in Glendale
Monet, Just Looking in Glendale in Glendale
Answers (1)
Show me:  Recent Answers     Oldest Answers     Highest Rated  
 
Christopher … was FIRST TO ANSWER
FIRST ANSWER
A 1099 may now be a mute point since the Mortgage relief act of 2007: http://www.whitehouse.gov/news/releases/2007/12/20071220-6.html
Who would get it? It would be the mortgage holder as that person is still liable for the mortgage payments regardless of a quit claim. The quit claim deed does not relieve the mortgage holder of their financial responsibilities when it comes to the trust deed.

Fri Jan 4 2008, 18:39
 
Useful
(1)
 
 
Not useful
(0)
 
 
report
 
[+] Save this question Send this question to a friend
Permalink: http://www.trulia.com/voices/Financing/my_aunt_bougth_ahouse_and_quit_claim_it_to_me_it_i-17653--recent