Why did Jamie Norris sign a quit-claim deed?

Jamie Norris signed a quit-claim deed because she believed it was for collateral on a loan to cover her overdue property taxes.

What is a quit-claim deed, and why is it problematic for loans?

A quit-claim deed transfers ownership of a property. Attorneys warn against using it for loans, as it can be exploited in foreclosure relief schemes to seize property.

Did the court rule in favor of T&T Properties' eviction claim?

No, a magistrate judge ruled in favor of Norris, stating there was no landlord-tenant relationship between her and T&T Properties.

Home / Crime and Justice / Zero-Dollar Home Transfer Sparks Legal Battle

Zero-Dollar Home Transfer Sparks Legal Battle

14 Feb

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Summary

Homeowner signed deed for a loan, losing property title.
Company claimed ownership for zero dollars via quit-claim deed.
Court ruled no landlord-tenant relationship existed between parties.

Zero-Dollar Home Transfer Sparks Legal Battle

A homeowner in Locust Grove, Georgia, found herself in a distressing situation after signing a quit-claim deed, transferring ownership of her home for zero dollars to T&T Properties Limited Inc. The homeowner, Jamie Norris, stated she signed the document believing it was solely for collateral on a loan to cover $6,850 in overdue property taxes.

National Consumer Law Center attorney Sarah Mancini warns against signing quit-claim deeds when seeking loans, noting it is a common tactic in foreclosure relief schemes where individuals aiming to help actually aim to seize ownership. T&T Properties' attorney, Ed Joyner, asserted the company acted within its rights, claiming the deed protected their investment without foreclosure.