Burlingham Associates Inc - Quit Claim - Bankruptcy / Proposal / Financial Glossary

Bankruptcy / Proposal / Financial Glossary

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Quit Claim	A deed releasing interest in real property. Sometimes, when a Trustee has real property vested in him pursuant to the bankruptcy and there is no equity in that property, he may quit claim it to the mortgage holder, thereby saving the mortgage holder time and expense. The Trustee should charge the mortgage holder for executing this deed.

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