Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

is a land contract still binding if there is still a balance and I use a quitclaim deed?

can the two work together?

1 Answer

Relevance
  • 1 decade ago
    Favorite Answer

    Need more information.

    If you are paying on a land contract, you own the land but the seller has a "deed of trust" on the land. It is like holding a mortgage. If you quitclaim your interest in the land, the seller may have a right to foreclose or force the new owner to pay in full. You will need to read the fine print of the contract to know for sure.

Still have questions? Get your answers by asking now.