Posted on: 22nd Oct, 2007 04:41 pm
in order to speed up a refinance in 2000, my husband, who was incarcerated then, executed a quit claim for temporary purposes, which i intended to reverse after the refi, but never got around to doing it. now we want to definitely reverse that so his name is on the deed again.
Hi Rxscript,
You can surely do it. You just need to sign a quitclaim deed to transfer the interest to your husband's name, and make sure that the deed is signed by the notary officials and recorded in the county register office to make the deed legally valid.
If the mortgage is on your name, your husband should refinance it to remove your name from the mortgage.
Thanks,
Larry
You can surely do it. You just need to sign a quitclaim deed to transfer the interest to your husband's name, and make sure that the deed is signed by the notary officials and recorded in the county register office to make the deed legally valid.
If the mortgage is on your name, your husband should refinance it to remove your name from the mortgage.
Thanks,
Larry
Hello Rxscript,
You can definitely do that by a reverse quit claim where you can transfer all interest in the property to your husband.
You can definitely do that by a reverse quit claim where you can transfer all interest in the property to your husband.
Purchased a home in 2/08 and my husband was incarcerated a week later. I can't afford the mortgage payments alone and the house is subject to foreclosure. The bank has agreed to do a Short Sales, but my husband refuses to sign the documents as he wants to try to hold on the the house. He will be incarcerated for 4 years.
Hi Lynn,
Welcome to our forums.
I can understand the situation you are in. It's unfortunate but I'll still advise you to be strong at this point of time. If your husband is not willing to co-operate, try and explain the consequences.
An unpaid debt will affect both of your credit profiles and you won't be able to avail credit at better rates in near future. Doing a short sale will also affect your credit but that's far better than not attempting to pay off the loan.
Let's hope things will be fine :)
Good luck
Welcome to our forums.
I can understand the situation you are in. It's unfortunate but I'll still advise you to be strong at this point of time. If your husband is not willing to co-operate, try and explain the consequences.
An unpaid debt will affect both of your credit profiles and you won't be able to avail credit at better rates in near future. Doing a short sale will also affect your credit but that's far better than not attempting to pay off the loan.
Let's hope things will be fine :)
Good luck