If i recieve a house via quitclaim when can i refinance it?

Catrina
The former owner has not worked due to cancer.The house is now in pre forecloser and I want to do a home equity loan to pay the taxes and fix the house.

Bruce
cannot being the process until the notice of sale has been delivered to the current owner. he still has a chance to reclaim the house. when the final notice has been delivered (the notice to evict) you can then begin either the bidding process or loan process to secure it

Sondra
goto this site http://www.mynlc.com/A17989 and I will see if I can help you need to do a app. for me to see if I can.

Annis
Quitclaim is worthless until the taxes are paid...no bank will lend money under these circumstances. Get a loan to pay the taxes, pay them, file the deed of trust in your name only, then go about getting the place financed. IF there is already a mortgage on the property, you best check with the finance company and see how they feel about this. They will not want to go through foreclosure if it can be avoided. Good luck

Akiko
email me and I'll let you know - Mortgage Specialist.