Posted on: 13th Apr, 2010 05:53 am
my wife and i have sperated. recently she and the bank had me sign a letter stating that she is paying the mortage herself to receive a lower rate. because the modification is like a refinance that did not include my salary and included my new lease, ...........can i make the bank give me a quick claim deed.
hi guest,
a modification is not similar to a refinance. in refinance, the mortgage can be transferred from one person to another but in case of a loan modification, only the terms and conditions of paying the loan is changed. you may sign a quit claim deed and remove your name from the property deed but that won't release you from the liability of loan payments.
thanks
a modification is not similar to a refinance. in refinance, the mortgage can be transferred from one person to another but in case of a loan modification, only the terms and conditions of paying the loan is changed. you may sign a quit claim deed and remove your name from the property deed but that won't release you from the liability of loan payments.
thanks