Posted on: 09th Aug, 2010 11:07 am
I had to sign a QC form when my wife and I bought our first home together during our marriage. The mortgage company wanted me to sign this because we were buying it using my wife's credit, although both of us are paying for it. So the bottom line is that the title and mortgage is in her name only, but I'm paying the full mortgage now.
Now, if we divorce, would the court give full ownership to my wift or divide the home based on the divorce law?
Thanks in advance.
Now, if we divorce, would the court give full ownership to my wift or divide the home based on the divorce law?
Thanks in advance.
Hi anonymouse!
Welcome to forums!
As you signed the quit claim deed, you transferred your share of the property to your wife. Thus, in case of a divorce filing, your wife will be able to get the sole property. She will have to refinance the loan in her name so that you're released from the liability of paying the mortgage dues.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As you signed the quit claim deed, you transferred your share of the property to your wife. Thus, in case of a divorce filing, your wife will be able to get the sole property. She will have to refinance the loan in her name so that you're released from the liability of paying the mortgage dues.
Feel free to ask if you've further queries.
Sussane