Posted on: 09th Sep, 2010 11:12 am
i was not married, but was joint on a mortgage with someone. we've since split, and i need to get off the mortgage. she doesn't have the credit to re-fi, and the house has yet to sell. can i use a quit claim deed in this situation? does it remove me only from title, or the mortgage itself as well?
thanks-
thanks-
hi boozin_huskies
quitclaim deed is only used for the purpose of transferring the property ownership on deed and not to transfer the mortgage.if you wish to transfer the mortgage to someone else then that person need to be eligible first to get refinance and then he/she can apply for it.
thanks
dipa
quitclaim deed is only used for the purpose of transferring the property ownership on deed and not to transfer the mortgage.if you wish to transfer the mortgage to someone else then that person need to be eligible first to get refinance and then he/she can apply for it.
thanks
dipa