We quit making payments on property in September 2016. We tried to do a deed in lieu of with them but never got past the fill out and turn in the forms stage. We've not as yet received a foreclosure notice. Is it possible to give them ownership of the property by filing a quit claim deed with the lender as Grantee?
Technically, you can't just file a deed in their name to transfer title. A deed has to be accepted by the transferee before it actually passes title. The deed records would show that transfer, but that could be undone and a foreclosure could follow. If the payments only stopped in September 201`6, it is not a surprise that there has not yet been a foreclosure. You may want to try and continue working with the lender to give them title, but they don't have to accept.
An attorney that specializes in consumer law may be your best bet for legal assistance.
This answer is for general purposes only, and it does not create an attorney-client relationship.
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