Posted on: 09th Sep, 2010 05:58 am
friend owns a house with ex-boyfriend. she had to move out for safety reasons. he is not current on the loan and is now asking her for quit claim deed. will this remove her from liability on the loan?
Welcome Guest,
A quit claim deed will not remove your friend's liability toward the loan. It will only help your friend to remove her name from the property deed. She will still be responsible for the mortgage payments if her ex-boyfriend fails to make the mortgage payments on time.
A quit claim deed will not remove your friend's liability toward the loan. It will only help your friend to remove her name from the property deed. She will still be responsible for the mortgage payments if her ex-boyfriend fails to make the mortgage payments on time.