Posted on: 06th Jul, 2011 10:59 pm
married in 2003, seperated in 2008, husband wants to refinance home he already bought in 1998, he informed me that he needed my signature in order to get the house refinanced and told me that i just had to sign a waiver form stating that i would not be responsibe for the
amount if for some reason the loan did not get paid in full, i signed the form, please tell me did i sign over my right as a home owner and not be entiltled to the home if something god forbid happens to him?
amount if for some reason the loan did not get paid in full, i signed the form, please tell me did i sign over my right as a home owner and not be entiltled to the home if something god forbid happens to him?
Hi kbircher!
Welcome to forums!
Unless you sign a quitclaim deed and transfer the property to your husband, you won't lose ownership rights on the property. You should check out the property deed in order to find out whether or not your name is mentioned on the property deed.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Unless you sign a quitclaim deed and transfer the property to your husband, you won't lose ownership rights on the property. You should check out the property deed in order to find out whether or not your name is mentioned on the property deed.
Feel free to ask if you've further queries.
Sussane
We have to check for more details about the paper you signed in. There are certain terms that you have to understand and might as well let it be checked on your trusted expert.
Since bought the home, presumably you are not in title, i.e. not a homeowner. Depending on the state, you may have an interest in the property by virtue of the marriage which you indicate is still in existence community property or dower rights states. Your signature on the mortgage DEED (not note) would be required to pass clear title should the property be foreclosed. As long as you did not sign the mortgage note you should not have liability for the amount borrowed so m not certain what this to which you refer is.
You should be able to determine how title sits by accessing county records on the Internet. If your understanding is that you will be entitled to the home should something happen, you should make certain the legal documents are correct, e.g., joint ownership with survivorship, etc. Title may sit this way already but the threw me.
You should be able to determine how title sits by accessing county records on the Internet. If your understanding is that you will be entitled to the home should something happen, you should make certain the legal documents are correct, e.g., joint ownership with survivorship, etc. Title may sit this way already but the threw me.