Why was abstract judgement filed against me even though I signed a quit claim deed before it was refinanced?

Question

My friend & I purchased a property. I signed a quit claim deed because he was refinancing the property in his name. I didnt co-sign the loan so why is this judgement against me also? He owes them money, not me!!

Answer 1

It seems such as you're dealing with a band of incompetents. The re-fi will bypass with the aid of a final technique on the call employer (or lawyer's place of work) in lots a similar way as a purchase order does. The instructions to the final agent will contain the requirement to preserve a signed quitclaim deed from the ex, in many situations subsidized up with a replica of the decree that ordered her to accomplish that. If she refuses to furnish it to the final agent you will ought to bypass back to court to get the prefer to order her to sign it or teach reason as to why she should not be held in contempt for failure to accomplish that. dealing with a contempt citation ought to stress her hand distinctly rapidly. through dealing with an escrowed final technique everybody is secure. in case you probably did no longer convey financing to the table the final agent could return the quitclaim deed to her and it may be moot. no longer something could exchange till all the final instructions have been complied with thereby keeping all events' rights interior the approach. lenders and contact companies handle this type of project on a each and every day foundation. If the re-fi has no longer been located in escrow yet, tell the lender to get off his backside OR touch a call employer your self to open the escrow.

Answer 2

My guess is that your "friend" told you he was re-financing, but he probably didn't qualify for it, so left the original loan in place - the loan that you both signed.