Posted on: 01st Dec, 2010 09:22 am
I divorced with my ex-husband in April 2007. And he refinanced the mortgage under his name only and bought me out on my half equity, and then I signed a quitclaim deed to him in May 2008. He filed bankruptcy and default on the mortgage of the property in September 2009 and his case was end in February 2010. For some reasons, the mortgage company lost the Quitclaim deed which I signed that was never recorded with Maricopa county recorder office. Now the Mortgage company ask me to sign a quitclaim deed to them, they said my name is still on the title of the property. I would like to know that should I sign a quitclaim deed to the mortgage company? And am I liable for his default on his mortgage if I sign a new quitclaim deed to his mortgage company? I really appreciate your help. God bless you. :(
Hi yan!
Welcome to forums!
In my opinion, you will be able to sign the quitclaim deed so that the lender can record the deed and remove your name from the property. You can even contact a real estate attorney and he will help you to take the right decision in this regard. You won't be liable for the mortgage payments if you sign the deed.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
In my opinion, you will be able to sign the quitclaim deed so that the lender can record the deed and remove your name from the property. You can even contact a real estate attorney and he will help you to take the right decision in this regard. You won't be liable for the mortgage payments if you sign the deed.
Feel free to ask if you've further queries.
Sussane