If I make a quit claim deed does the bank get notified

when a mortgage is paid out , it is the bank responsibility to process the paper work
once you have the title to the deed you take it and have it registered
talk with a lawyer for exacting information and procedure

By using a quit claim deed you can transfer the ownership over from one party to the other party for whatever consideration you want.. File it and you are in business.

Mother made a terrible mistake. Never cosign for anything. If you're reading this, don't make this mistake yourself

Quitclaim deed: Used when a property transfers ownership without being sold. No money is involved in the transaction, no title search is done to verify ownership, and no title insurance is issued.
When to Use a Quitclaim Deed
Quitclaim deeds are most often used to transfer property within a family. For example, when an owner gets married and wants to add a spouse's name to the title, or when the owners divorce and one spouse's name is removed from the title. In other cases, a quitclaim can be used when parents transfer property to their children or when siblings transfer property to each other. Some families opt to put their property into a family trust and a quitclaim can be used then as well.
One other time a quitclaim might be used is when a title insurance company finds a potential additional owner of a property and wants to make certain that this person doesn't make a future claim of ownership. In that case, the insurance company would ask that person to sign a quitclaim deed.
It is important to recognize that a quitclaim deed impacts only the ownership of the house and the name on the deed, not the mortgage. For instance, in the case of a divorce, if both spouses' names are on the home loan, they are still both responsible for the loan even if a quitclaim deed has been filed.
Quitclaim Deed Basics
The rules about how a quitclaim is handled vary by jurisdiction, but generally you need to include the legal description of the real estate being transferred, the date of the transfer and the names of the "grantor" and "grantee." Not all states require you to record a quitclaim deed, but it's wise to have the deed signed by all parties in front of a notary public, copied and recorded at the county clerk's office.

A quitclaim deed is a legal instrument by which the owner of a piece of real property, called the grantor, transfers any interest to a recipient, called the grantee

Some do, some don't. It's up to the bank.

on wrong site sallie mae is a type of loan not a person re-try notifying the loan company and request to speak to some one --or notify bank

Here are the top 5 lenders:·
Wells Fargo·
Chase·
Quicken·
Bank of America·
U.S Bank

See more info here: http://finance.yahoo.com/news/biggest-mortgage-lenders-q1-112100471.html

This is not posted in the right category.

Besides the Bank's money, the Bank holds the Title Deeds, and the houses and hotels prior to purchase by the players. The Bank pays salaries and bonuses. It sells and auctions properties and hands out the proper Title Deed cards when purchased by a player, it also sells houses and hotels to the players and loans money when required on mortgages.
The Bank collects all taxes, fines, loans and interest, and the price of all properties which it sells and auctions. The Bank "never goes broke." If the Bank runs out of money, the Banker may issue as much as needed by writing on any ordinary paper.

That should be all you need to know about the "banker". Now as everyone knows there are many variations called "house" rules as long as they are agreed upon by all players before the game.
Thank you,
lee