Posted on: 24th Aug, 2010 05:37 pm
me and my daughters father have split up a few years ago. his brother and friend lived in the house when my daughters father moved out. now his mom is living there. i am looking into a quick claim deed becasue my other options that i was told was to either file for bankruptcy or he refinances. which he refuses to do. would this be the right way to go? if not, what else is there that i can do to get my name taken off of the house??
Hi ajkahne,
You can sign a quit claim deed and transfer your share of the property to your ex-husband. This will make him the owner of the property and you won't have any responsibility towards the home. However, if you're one of the co-borrowers of the loan, then you would still be liable for the loan even after a quit claim unless your ex-husband refinances the loan.
Thanks
You can sign a quit claim deed and transfer your share of the property to your ex-husband. This will make him the owner of the property and you won't have any responsibility towards the home. However, if you're one of the co-borrowers of the loan, then you would still be liable for the loan even after a quit claim unless your ex-husband refinances the loan.
Thanks