Posted on: 01st Mar, 2010 12:29 pm
How can I release my name and financial obligation from the mortgage and title deed via quit claim?
Hi adamsj!
Welcome to forums!
You can sign a quit claim deed and remove your name from the property deed. This will help you in transferring the property deed to someone else. However, this will not remove your name from the mortgage. You will have to ask the grantee to refinance the loan in his/her name to release you from the financial obligation.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can sign a quit claim deed and remove your name from the property deed. This will help you in transferring the property deed to someone else. However, this will not remove your name from the mortgage. You will have to ask the grantee to refinance the loan in his/her name to release you from the financial obligation.
Feel free to ask if you've further queries.
Sussane