Posted on: 06th Jul, 2009 08:21 am
if a spouse signs over a quit claim deed to another does that relieve them of all financial...does the signing of a quit claim deed from one spuse to another relieve the spouse signing over their rights of all financial responsibility of the mortgage? is there a way for them to sign off from the mortgage?
hi angelazellers,
signing a quitclaim deed cannot relieve one of the spouses from the mortgage dues. a quitclaim deed will only remove a person's name from the property deed and not from the mortgage. in order to remove one's name from the mortgage, you should go for a refinance.
thanks
signing a quitclaim deed cannot relieve one of the spouses from the mortgage dues. a quitclaim deed will only remove a person's name from the property deed and not from the mortgage. in order to remove one's name from the mortgage, you should go for a refinance.
thanks