Posted on: 02nd Jun, 2010 10:52 am
Howdy,
I recently divorced and we made an agreement to swap ownership of two properties we had while in bond. Both properties have mortgages, both deeds on our names. Which type of deed we must submit to make things straight?
I recently divorced and we made an agreement to swap ownership of two properties we had while in bond. Both properties have mortgages, both deeds on our names. Which type of deed we must submit to make things straight?
Welcome Luis,
Both of you can use quit claim deed forms in order to transfer one property to another. As far as the mortgages are concerned, both you will have to refinance the mortgages placed on your respective properties.
Both of you can use quit claim deed forms in order to transfer one property to another. As far as the mortgages are concerned, both you will have to refinance the mortgages placed on your respective properties.