Grant Deed Property

[imirza]

Here is an interesting scenario.
Owner of the home Mr. X grant deeds his property over to Mr. Y.
Mortgage on property is still in Mr. Xs name. Mr. X stops making payments and leaves town. Mr. Y has his name on title of property. Bank comes along and forecloses on property.

Questions

1. Since Mr. Y is legally the 'owner' of the property can he contest this foreclosure action by the bank since the mortgage is not in his name ?

2. Can Mr. Y renegotiate the mortgage with the bank since he is living in and has title to the property ?

3. Is it even possible for Mr. X to grant deed property over to Mr. Y since the mortgage is still in Mr. Xs name ?

 

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[rcardin]

Katv sief vjot xjomi csuxtoph gus nusi opgu up vey tvagg

Op emm siemovz ov xuamf opwuli vji fai up temi dmeati. Ns Z nez ci up vji vovmi cav Ns Y ot tvomm sitquptocmi gus vji muep. Vji tdipesou zua esi fitdsocoph ot cazoph "tackidv vu" vji iyotvoph nusvhehi. Og Ns Z xisi vu ci neloph qeznipvt et e qsuqisvz nepehis vji cepl xuamf op emm molimzjuuf piwis lpux vjev vji qsuqisvz jet djephif jepft. Og epzcufz tvuqt neloph qeznipvt ov xomm tvomm ci vji sitquptocomovz ug Ns Y, jipdi saopoph jot dsifov. Vji cepl xuamf tvomm jewi vu hu vjsuahj gusidmutasi.