Posted on: 13th Aug, 2010 10:56 am
I am in the process of getting a divorce. My house is for sale and I can no longer continue to pay the mortgage. My ex-husband can move in and take over the payments until it sells. In the meantime, I'd like to get my name off the mortgage in case he decides to default once he moves in. Can I use a quitclaim deed to do this?
hi susied,
you cannot use a quit claim deed to remove your name from the mortgage. a quit claim deed will only help you in removing your name from the property. if you want to remove your name from the mortgage, then your ex-husband has to refinance the home loan in his name.
thanks
you cannot use a quit claim deed to remove your name from the mortgage. a quit claim deed will only help you in removing your name from the property. if you want to remove your name from the mortgage, then your ex-husband has to refinance the home loan in his name.
thanks