Posted on: 14th Apr, 2008 06:34 am
Just wanting to make sure I get the idea of quick claim deeding. I am newly divorced as of November 07. After our seperation last year, we put the house on the market to sell but with the market the way it is...it has not sold. The divorce decree states my ex got the house and I got the car. I recently contacted my ex and he states he has taken the house off the market for now to complete some upgrades and wait for the market to get better. Obviously, I want my name off the house so I can move forward and possibly purchase something else. Would going through this process get my name off the house? Is this process something we must get lawyers for, or can we do it ourselves?
You can do it by filing a quitclaim deed. However, you will be giving up all rights to the house, including the right to the proceeds from the sale.
Your divorce judgment may give you the right to those, but I would keep my ownership interest in the house until it is sold.
Your divorce judgment may give you the right to those, but I would keep my ownership interest in the house until it is sold.
hi shannon,
welcome to the forum.
jheard has rightly said that if you quitclaim the property then you will give up all the interest of the property. but even after quitclaim you will be on the mortgage. so before quitclaiming the property to your ex-husband ask him to refinance the mortgage on his name only.
feel free to ask if you have any further questions.
best of luck,
larry
welcome to the forum.
jheard has rightly said that if you quitclaim the property then you will give up all the interest of the property. but even after quitclaim you will be on the mortgage. so before quitclaiming the property to your ex-husband ask him to refinance the mortgage on his name only.
feel free to ask if you have any further questions.
best of luck,
larry
