Tenancy in Common – TIC Tenancy in common (TIC) is an arrangement where two or more people share ownership rights in a property or parcel of land. Call us today at 40 or fill out our online form to get the information you need. We will provide the form you need and help ensure the process is as quick and efficient as possible. If you need to transfer property and think a Florida quit claim deed is appropriate, call us at My Florida Deed today. We Can Help with Your Florida Quit Claim Deed If there is no escrow account and the grantee still makes mortgage payments, the lender is not likely to call the whole loan due. Worse, if the lender discovers that you have transferred the property before paying the mortgage in full, they could require you to pay the entire loan amount immediately. You will still be responsible to the original lender for paying the remaining balance on the mortgage, even after the property is transferred. However, it is crucial to understand that the deed will not transfer the home loan. It is possible to use a Florida quit claim deed when you have an existing mortgage on the property.
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