Posted on: 25th May, 2010 09:50 am
hi, i just got divorced and my ex wants to do a quit claim do that relieve me from all rights and financial obligations??
Hi trisha,
A quit claim deed will not remove you from any financial obligation. It will only remove you from the property deed. Your husband will have to refinance the loan in his name in order to release you from the financial obligation.
Thanks
A quit claim deed will not remove you from any financial obligation. It will only remove you from the property deed. Your husband will have to refinance the loan in his name in order to release you from the financial obligation.
Thanks
Hi,
Your husband signs a quitclaim deed and remove you from the property deed. However, if there is any joint mortgage then you will remain responsible for the loan. In that case you can request your husband to re-finance the loan in his name. If he denies to do so then you will remain responsible for it and if your husband become late or behind in payments it will affect your credit score.
Your husband signs a quitclaim deed and remove you from the property deed. However, if there is any joint mortgage then you will remain responsible for the loan. In that case you can request your husband to re-finance the loan in his name. If he denies to do so then you will remain responsible for it and if your husband become late or behind in payments it will affect your credit score.