Posted on: 14th Oct, 2010 07:26 pm
my husband passed away and still had a mortgage on a home he owned before our marriage. our son has been living there & is currently up for sale. i am on a quit-claim deed as joint tenants w/right of survivorship (added to deed), but i am not on the mortgage. on a simple assumption will the quit claim deed work or do i have to go to the county recorder also w/death certificate and take his name off altogether before i submit documents to the lender? i cannot pay two mortgages (one on the house i owned before the marriage also that we lived in). if doesn't sell in 2 mo i will have to rent house. do i need a new warranty deed to send to lender or will quit claim deed worki?
Welcome csdelatorre,
It is better if you could contact the county recorder's office and get the property transferred in your name and then submit the required documents to the lender. The quitclaim deed will work in this case.
It is better if you could contact the county recorder's office and get the property transferred in your name and then submit the required documents to the lender. The quitclaim deed will work in this case.
thank you for your reply Adonis. Do most mortgage companies charge closing costs on a simple assumption whereby a spouse has passed away and the joint tenant w/right of survivorship is in effect?
Hi csdelatorre!
Welcome to forums!
As far as I know the mortgage companies do not charge closing costs on simple assumptions.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As far as I know the mortgage companies do not charge closing costs on simple assumptions.
Feel free to ask if you've further queries.
Sussane
Thank you very much