Posted on: 24th Dec, 2010 04:16 pm
as a divorce settlement...can a spouse be taken off the deed and home be turned over to the other spouse is there is an existing mortagage? via quit claim deed?
typically in a divorce situation, property changes hands. however, when that takes place, the court will undoubtedly require the party taking sole ownership to refinance the existing mortgage so as to remove the other party from the obligation.
what kind of situation do you have? your lawyers (both) ought to be able to settle this quite easily, if they know what they're doing.
what kind of situation do you have? your lawyers (both) ought to be able to settle this quite easily, if they know what they're doing.