Posted on: 14th Jan, 2013 10:53 am
My X wife had home was quit claimed to her. We are both still on the mortgage with me listed as the primary borrower. My X wife cannot afford to stay in home and I wanted to know if she quit claimed home back to me is there anyway to get her name off of the mortgage? I do not want her credit to get ruined. I will do a shortsale and let hosue go and take a hit on my credit.
hi dshovel!
welcome to forums!
your ex-wife can sign a quitclaim deed and transfer the property to you. then you can refinance the mortgage in your name in order to get the mortgage transferred. this will make you solely liable for the mortgage payments.
feel free to ask if you've further queries.
sussane
welcome to forums!
your ex-wife can sign a quitclaim deed and transfer the property to you. then you can refinance the mortgage in your name in order to get the mortgage transferred. this will make you solely liable for the mortgage payments.
feel free to ask if you've further queries.
sussane
if your ex-wife can't afford to stay in that home, she can surely transfer the home in your name through a quit claim deed. as suggested by sussane, you can thereafter refinance the mortgage. this will not affect your ex-wife's credit negatively.