Posted on: 15th Aug, 2008 03:15 pm
my ex has foreclosed on a property that we both own and now she is doing a loan modification she wants me to sign. i gave her a quit claim deed for the property. if i sign, will my name be removed from the mortgage?
Hi sassibell.
Welcome to the forum. You have signed the quitclaim deed the property but you are still on the mortgage? With the loan modification your name can be removed but it depend s on the lender and your ex-wife. So talked to then and checked out whether your name is out of the mortgage documents.
Best of luck,
Larry
Welcome to the forum. You have signed the quitclaim deed the property but you are still on the mortgage? With the loan modification your name can be removed but it depend s on the lender and your ex-wife. So talked to then and checked out whether your name is out of the mortgage documents.
Best of luck,
Larry
Hi sassibell,
Welcome to the forums.
The quitclaim will not help you take off your name from the mortgage. I guess you'll have to be a part of the loan modification unless your ex refinances the loan in his name.
In case you'd like to know what loan modification is all about, check out the information available on it.
Take care
Welcome to the forums.
The quitclaim will not help you take off your name from the mortgage. I guess you'll have to be a part of the loan modification unless your ex refinances the loan in his name.
In case you'd like to know what loan modification is all about, check out the information available on it.
Take care