Posted on: 14th Oct, 2010 08:34 am
my husband divorced his ex-wife in 2007, in 2008 they did a quit claim deed(exempt). the bank called and said that she could not get financed for the loan. what legal rights does myhusband have?
hi guest,
welcome to mortgage fit,
if your husband's ex is unable to get refinance due to poor credit,your husband is still liable to pay the mortgage (even after quit claim deed is signed).
if the property is in a community property state then certainly laws differ from state to state.for more precise answer if you could tell us the state where the property is located it would be lot easier for us to answer your query.
dipa
welcome to mortgage fit,
if your husband's ex is unable to get refinance due to poor credit,your husband is still liable to pay the mortgage (even after quit claim deed is signed).
if the property is in a community property state then certainly laws differ from state to state.for more precise answer if you could tell us the state where the property is located it would be lot easier for us to answer your query.
dipa