Q: Will a quick claim deed with no language stating that a merger would not taking place cancel a deed to secure debt ?
I had the deed to secure debt due to a loan with property owner
two years later due to ongoing financial help half interest in the deed was quick deeded into my name The property has foreclosed and the homeowners accosiation is vying for a portion of the excess funds and there position is that a merger had taken place when the quick claim deed took place without language I. It stating otherwise. I never had any intentions of a merger. The property had no equity in it at that time. I would have been losing all the monies in the deed to secure debt.
A: I don't follow your posting and the situation is likely too complicated for an online forum like this anyway. You should retain a local real estate attorney to advise you. And just FYI, it is called a "quit claim deed."
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