Posted on: 05th Jul, 2011 08:43 am
my ex-husband and i signed a quit claim deed when we divorced, but he recently passed away and his widow is residing in the house. how will this deed help us in proceeding with selling this house? i am still on the loan, does this now fall back on me?
thank you,
angela
thank you,
angela
hi lenised,
if your name is not mentioned on the property deed, then you won't be able to sell off the property though your name is mentioned on the mortgage. you can ask the widow to refinance the mortgage in her name. this will release you from the mortgage liability.
thanks
if your name is not mentioned on the property deed, then you won't be able to sell off the property though your name is mentioned on the mortgage. you can ask the widow to refinance the mortgage in her name. this will release you from the mortgage liability.
thanks
I just found out he also filed bankruptcy and this file was in his bankrupcty case. How will that effect the house/mortgage? If the widow isn't on the deed either, how will she or can she refinance the house?
Did the Quit Claim deed remove you from Title? Or him? If it was you, and you're still on the Note, I'd contact the company that's servicing the loan and let them know. There's a clause in your Note that says the Title isn't allowed to be revised without the Lenders permission, and if it is, the Lender can call the loan due and payable immediately.
