Posted on: 01st Jul, 2008 12:37 pm
My daughter is going through a nasty divorce. She wants to quit claim the property to her husband but he is not known for paying bills on time. If he defaults on the mortgage, will she in anyway be responsible or start receiving calls by creditors.
welcome guest.
is your daughter on the mortgage or both of then are on the mortgage? if she is not on then the mortgage company cannot come after her for the due mortgage debt even if her husband defaults. but if she is on the mortgage then she needs to take confirmation from the mortgage company before quitclaiming the property. her husband may need to refinance the mortgage on his name.
let me know if you have any further queries.
is your daughter on the mortgage or both of then are on the mortgage? if she is not on then the mortgage company cannot come after her for the due mortgage debt even if her husband defaults. but if she is on the mortgage then she needs to take confirmation from the mortgage company before quitclaiming the property. her husband may need to refinance the mortgage on his name.
let me know if you have any further queries.