Posted on: 18th May, 2009 04:44 am
am i understanding this corect... if i do a quitclaim, i no longer have any responsibility towards the house/mortgage. does my future ex need to be aware im doing this qickdeed? and does this house have to be refinance in order for me to quickdeed?
Hi dtsbco,
Welcome to our forum.
Quite claim deed mostly use for removing persons name form deed or will.
So You can do quite claim deed & refinance mortgage quickly that means use quick deed.
Thanks & Regards.
Welcome to our forum.
Quite claim deed mostly use for removing persons name form deed or will.
So You can do quite claim deed & refinance mortgage quickly that means use quick deed.
Thanks & Regards.
to answer your question...no, a quit claim deed does not absolve you of responsibility on the mortgage. in order for that to happen, the recipient of said deed would need to contact the lender involved and refinance the home.
