Can I re-assume ownership or interest in the equity of a home that I thought I sold?
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Can I re-assume ownership or interest in the equity of a home that I thought I sold?
About 6 years ago, a deed was not filed correctly and left me with unextinguised interest in the home. The state is apparently forclosing on this home now and wants me to sign a quit claim deed to give up the interest I have in this property. Do I have any further rights regarding this property? I am willing to cover back taxes or re-assume the current debt possibly but I would like to know what (if any) options that I have.
Asked on August 5, 2012 under Real Estate Law, West Virginia
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
If you sold the home that you are writing about and received money for it, then technically you have no legal interest in it even though escrow may have errored in not recording your grant deed to it. I would sign a quitclaim as to the property and be prepared to bid on the property at the trustee's sale. I suggest that you may want to consult further with a real estate attorney about the matter.
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