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Bankruptcy Law office of Bill Rubendall | William M. Rubendall
There is no waiting period after you have given a deed in lieu of foreclosure before you can file for a mortgage. Likewise, there is no waiting period required after giving a lender a grant deed. However, the requirements of a given lender can mean that you have to wait a year or two. Each lender's requirements are different.
Answer Applies to: California
Replied: 1/20/2012
Law Office of John C. Farrell, Jr. | John C. Farrell, Jr.
You can attempt to apply for a mortgage at any time.
Answer Applies to: Massachusetts
Replied: 1/19/2012
The Law Office of Darren Aronow, PC | Darren Aronow
Ask your loan officer, but if you take ownership and are applying for FHA loan, I believe you have to wait 90 days.
Answer Applies to: New York
Replied: 1/19/2012
Carballo Law Offices | Tony E. Carballo
Filing a quit claim deed makes no difference on whether you can get a mortgage. If you are on the mortgage then transferring title to the property does not mean the mortgage disappears from your credit report.
Answer Applies to: California
Replied: 1/19/2012
Ashman Law Office | Glen Edward Ashman
Nothing about one affects the other.
Answer Applies to: Georgia
Replied: 1/19/2012
J.M. Cook, P.A. | J.M. Cook
A quit claim deed has nothing to do with your mortgage. It simply renounces any interest you have in real property.
Answer Applies to: North Carolina
Replied: 1/19/2012
Diefer Law Group, P.C. | Abel Fernandez
There is no time limit to this. It will depend on the lender on how soon they offer you credit.
Answer Applies to: California
Replied: 1/19/2012
H. Scott Basham, Attorney at Law, P.C. | H. Scott Basham
Long enough for it to show up in the county records. Each county has a "lag time" of a certain number of days, which varies. Check with the real estate section of your local Clerk of Superior Court.
Answer Applies to: Georgia
Replied: 1/19/2012
Law Offices of Kevin E Parks | Kevin Parks
I'm not sure I understand your question, specifically whether you're the grantor or grantee of the quitclaim deed that's been filed, or whether the mortgage loan relates to the property conveyed by quit claim deed, or a different property.
Answer Applies to: Oregon
Replied: 1/18/2012
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
No one knows the answer to that question. People with 800 credit scores are having trouble getting loans.
Answer Applies to: California
Replied: 1/18/2012
Law Office of Lynnmarie A. Johnson | Lynnmarie Johnson
It would depend on why the quit claim deed was filed. If it was a deed in lieu of foreclosure, it's going to be longer than if you filed one on your home because your grandmother gave you a house. I would call the mortgage company you are wanting to use and ask them. Good luck!
Answer Applies to: Michigan
Replied: 1/18/2012
