Quit Claim Deed

I answered your "friend" in the other forum. She needs to talk to an attorney or a title company. Do a search on Google for - Maryland real estate attorney

Or search for Maryland title company

or search the same but change Maryland to your local city or nearest major city

My wife and I have had a mutual separation for more than five years. I have requested and she has agreed to remopve her name from the house's deed leaving sole owner ship to myself. Can you wald me through this process step by step,

Hi Gary,

Welcome to forums.

If your wife has agreed to remove her name from the deed, then that's good. All you need to do is, take help of an attorney in drafting a quitclaim deed. Then get it signed by your wife as she will be conveying her share of interest in property to you. Also get the deed signed by a notary public and then record it at the Registrar of Deeds.

Thanks

I have been married for 8 years and we are now purchasing a home. I will not be on the mortgage and my husband feels I should not be on the deed or Title. He feels it is logical for only one spouse to be on the deed and title since there could be a possible lein against the home from the spouse (me) with less than perfect credit. No credit is joint, we still carry our own bank accounts. He also mentioned the possibilty of the less than pefect spouse being in an accident and being sued. Also, does it cost extra on a homeowners policy to have two people listed on the tilte and deed. I do not think this is an issue but for some reason it is one of his excuses. Can someone please shed a little light on this issue. I am totaly baffled by the whole suggestion.

Hi Maggie,

If you are on the title and don't want to be on the loan, the lender will ask you to sign a quitclaim deed to give up your ownership to your husband before they finance the house. Thus, it is better for only one of you to be on the title as well as the loan, or both be on the title and loan. This will also enable you to qualify for a first time home buyer's credit when you purchase a home in your name in future. However, the reason he has cited doesn't seem convincing. There can be a lien from not just the spouse with less than perfect credit, but can also be from the one with a perfect credit. Similarly, the spouse with a perfect credit can also be sued. I don't think two people on the title make much of a difference on cost of homeowners policy.

Thanks,

Jerry

my wife is being sued for car accident injury that exceeds the insurance policy, if i remove here name from the mortage and deed of the house through a quick deed can the person suing still come after the house?she is o.k. with the transfer. i live in long island, new york.

Hi randy,

I don't think that would be possible because any such transfer at this point would be considered as a way to avoid lien and the the person suing will have the right to reverse the deed and place a lien on the property.