Posted on: 18th Aug, 2008 09:15 am
Divorce---wife wants husband to quitclaim deed the house to her,,,what responsibility will he have if she faults? Will his name remain on the contract thru the finance company?
Thanks
Thanks
Hello druthgreen88,
A quit claim deed only transfers the interests in real property it DOES NOT change any responsibility as far as the mortgage is concerned.
A quit claim deed only transfers the interests in real property it DOES NOT change any responsibility as far as the mortgage is concerned.