Quit Claim Deed? – Need an Answer Please

A quit claim deed would not work in this instance. They could put the title to the home in your name with another type of deed instrument, but the people who own the home would have to agree to do this and sign the new deed transfer at a title company or closing attorney if you are in a state that closes homes with attorneys and not title companies..

The mortgage that is the lien against the home, assuming they do not own it free and clear, would also be another issue. Some lenders, when they find out the home has changed ownership, have the right to call the mortgage due in 30 days.
With the current real estate market declining, this probably would not happen but is a definite possibility. Your landlord would still be responsible to pay the mortgage every month. You can’t quit claim a mortgage.
If your landlord did agree to all of this, you would have to then pay all the back taxes to avoid home home going to tax auction and make the mortgage payments every month which might be more than the amount of rent you are currently paying. There would be a small charge for the title company or attorney to draw up the new deed and record it at your city hall.

I would talk to your landlord and find out what they are thinking and why they have not paid the taxes. Are they behind on their mortgage payments as well?

Licensed real estate agent. Years of working with deeds at title companies. You can contact me through my blog at http://mrbpo.net

From my Yahoo Answers Response