Posted on: 19th Oct, 2010 11:38 pm
Hey I recently got divorced. And we split 2 homes that were in our names. 1 for me and 1 for her. The one for her is backed up some payments and I would like to get my name off of that house as it is stated in our divorce decree. Is that possible? If it is how? Thank you
Hi eric4sell,
You can sign a quitclaim deed and transfer the property to your wife. This will make her the sole owner of the property. However, if your name is mentioned on the mortgage docs, then signing the quitclaim deed won't help you much. Your wife will have to refinance the loan to release you from the mortgage liability.
Take care.
You can sign a quitclaim deed and transfer the property to your wife. This will make her the sole owner of the property. However, if your name is mentioned on the mortgage docs, then signing the quitclaim deed won't help you much. Your wife will have to refinance the loan to release you from the mortgage liability.
Take care.