Posted on: 02nd Sep, 2008 09:26 am
my boyfriend and i bought a house together about a year ago and recently we broke up and i want off the mortgage and the house. what are my options besides refinancing or selling? would a quit claim deed work for us? thanks.
a quitclaim deed will help you take your name off the title. but refinance should be done in order to take your name off the mortgage. if your boyfriend agrees, you may even sell off the home and pay off the mortgage with the proceeds. if any of the proceeds are left, you can divide it amongst the two of you.