Posted on: 07th Oct, 2009 07:53 pm
My ex and I own a home together. If he quick claims the house to me would he be able to buy another home?
If he quit claims the property to you, you will be sole owner of the property
But that does not remove his name from the loan. He is still liable to pay the loan
He can still buy anohte home wihout quit claimign the property, as long as he cna show enough income to support both the houses
But that does not remove his name from the loan. He is still liable to pay the loan
He can still buy anohte home wihout quit claimign the property, as long as he cna show enough income to support both the houses
If his name is not mentioned in the mortgage docs, then he can definitely get another mortgage and buy a new property after quitclaiming the present one to you. Normally, lenders won't give him a new mortgage if he already has one.