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Can my name be removed from the loan if im going through modification?

Posted on: 31st Jan, 2011 12:18 pm
Me and my mother's name our both on the house and we are going through some tough times right now. Is it possible that my name can be removed from our home?
Hi lujanangelina,

You can sign a quitclaim deed and transfer your share of the property to your mother. This will help you remove your name from the property deed and your mother will become the sole owner of the property.
Posted on: 01st Feb, 2011 10:43 pm
If you are just on the deed you can transfer your ownership rights to her by quitclaim just like Adonis has mentioned above, however, if you are talking about financial responsibility and your on the mortgage, you may be able to have a loan modification remove you from the loan, some lenders will do that on rare occasions though.
Posted on: 03rd Feb, 2011 07:31 am
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