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I have heard that a quit claim deed will stop a foreclosure. Is that true?

 

No. When you bought the house and signed the mortgage papers, you gave the mortgage company the right to do two things if the payments were not made: (1) take the house away; and (2) collect money from you.

Filing a quit claim deed, (giving the house to someone else), does not have any effect at all on the mortgage company’s rights to do those two things. All you have done is given away whatever ownership interest you had in the house. The mortgage company still has the right to foreclose on the property, and to collect any unpaid money from you.