Posted on: 03rd Jun, 2011 12:47 pm
:?: Hello. My ex-wife has filed a Chapter 13. She still lives in the home we shared. Via a court order, I quit claim deeded my interest in the home to her. How will this effect me. I mean will I be removed from liability for the home with this action?
Hi TeacherB,
You won't be liable for the home if you've signed the quitclaim deed in your wife's favor. But if your name is mentioned on the mortgage, then you will be liable for it though your name is not on the property deed. After your ex-wife gets a discharge from the debt, the lender will come after you in order to recover the debts.
Thanks
You won't be liable for the home if you've signed the quitclaim deed in your wife's favor. But if your name is mentioned on the mortgage, then you will be liable for it though your name is not on the property deed. After your ex-wife gets a discharge from the debt, the lender will come after you in order to recover the debts.
Thanks