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Q: Carring a note on a house I sold ( No Answer,   0 Comments )
Question  
Subject: Carring a note on a house I sold
Category: Miscellaneous
Asked by: thudd0-ga
List Price: $10.00
Posted: 08 Sep 2006 20:48 PDT
Expires: 12 Sep 2006 09:52 PDT
Question ID: 763559
I sold my home and carried a note ( deed of trust) two years ago, in
the state of Nevada. Last week the women who is on the note informed
me that her husband died ( He was not on the note ). She wanted to
know if I would let my note be assumed so she could sell and have me
carry a note for someone else, I said I would not let the note be
taken over by someone else. Today I was called by a real estate agent
informing me that the women had giving him a quick claim deed and he
had registered it and he would be making the payments and the women
had moved.He said he would rent the house out until he could sell it.
1. How do I call the note ? 2 How do I stop the agent from renting the
house ?  3. How do I find out if the agent did register the quick deed
? What about the insurance the women is suppose to carry ?

Request for Question Clarification by cynthia-ga on 08 Sep 2006 21:11 PDT
You need to review the terms of the note, hopefully it is secured by
the house. If the terms state it is not assumable you can demand that
it be paid in full, immediately. If the funds are not forthcoming, you
foreclose on the house.

You can't stop the agent from renting the house, he owns it. You only
own an interest in the house. The agent is most likely carrying
homeowners insurance, it would be required by a lender.

You can locate the registered quit claim deed in the online county
records of your state and county.

Request for Question Clarification by cynthia-ga on 08 Sep 2006 21:12 PDT
Sorry, I meant that to be a comment!
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