Posted on: 26th Nov, 2010 04:08 am
I just bought a house and the mortgage is under my name only. However, the deed is under both names. My husband is self-employed and we are afraid that in the future someone could place a lien on the house for liability. There is no problems at this time. My question is this: If a quick claim deed is signed by him (and we are getting divorce at this time) will this protect the house from a judgment and creditors because of his job? He wants to sign it too.
Welcome endenfin,
If your husband quitclaims the property to you, then his creditors won't be able to place any lien on the property. This is because, he is not the owner of the property.
If your husband quitclaims the property to you, then his creditors won't be able to place any lien on the property. This is because, he is not the owner of the property.