Hi stuneseht,
You can sign a quitclaim deed and give away all the interest in the property. You can include a life estate clause in the deed to stay until death in the house. I don't think you will be held responsible for the default as your name is not on the mortgage deed any more.
You can sign a quitclaim deed and give away all the interest in the property. You can include a life estate clause in the deed to stay until death in the house. I don't think you will be held responsible for the default as your name is not on the mortgage deed any more.
no, deed and loan are two different items. deed is related to the title and loan is related to the obligation. as long as your name is not on the loan, you are not responsible for the loan. if you are still on the deed, you are still co-owner with your mother and has right in the interest. it is up to you whether you will sign the quit claim deed or not, but there is no relationship between the quit claim deed and the loan if your name is not on the loan. hope this helps
i like reply given by Susanne. it covers all the dimensions
The house is free and clear of all debt or leans I want to give the house to my wife how do i do this without her knowing
Your answer is here... http://www.mortgagefit.com/problems/removename-refinance.html
