Posted on: 24th Nov, 2010 09:22 pm
If my husband and I divorce and he signs a quitclaim deed, will the mortgage debt be removed from his credit?
Hi ashleynmeredith,
The mortgage debt will not be removed from your husband's name though he signs a quitclaim deed and transfers the property to you. You will have to refinance the mortgage solely in your name in order to release your husband from the responsibility of the mortgage.
Take care.
The mortgage debt will not be removed from your husband's name though he signs a quitclaim deed and transfers the property to you. You will have to refinance the mortgage solely in your name in order to release your husband from the responsibility of the mortgage.
Take care.