Posted on: 15th Sep, 2009 09:28 am
BEEN MARRIED 1 YEAR. $350,000 MTG. DIVORCING PROBABLY. IF HE QUITCLAIMS TO ME, HE LEAVES, SOLELY MY RESPONSIBILITY OR HAVE TO QUALIFY FOR NEW LOAN?
hi bikermom!
welcome to forums!
if your husband quitclaims the property to you, then you would become the sole owner of the property. as far as the loan is concerned, you will have to refinance the loan in order to release him from the liability of paying the loan. in order to refinance, you'll have to get pre-qualified.
feel free to ask if you've further queries.
sussane
welcome to forums!
if your husband quitclaims the property to you, then you would become the sole owner of the property. as far as the loan is concerned, you will have to refinance the loan in order to release him from the liability of paying the loan. in order to refinance, you'll have to get pre-qualified.
feel free to ask if you've further queries.
sussane