Posted on: 02nd Feb, 2011 01:42 pm
we just divorced and my ex got the house but both are names are on the mortgage. if i do a quitclaim deed and he can't refinance because of his credit, my name will still be on the mortgage, correct? so if they won't remove my name he will have to sell, correct?
Hi barrett!
Welcome to forums!
If your ex does not refinance the loan in his name, then you'll remain liable for the mortgage payments. In such a situation, it will be a better option to sell off the property and get rid of the mortgage and the property.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If your ex does not refinance the loan in his name, then you'll remain liable for the mortgage payments. In such a situation, it will be a better option to sell off the property and get rid of the mortgage and the property.
Feel free to ask if you've further queries.
Sussane