Posted on: 16th Nov, 2010 02:52 pm
my mife signed a quit claim deed when i bought our house. i paid off the house but did get a home equity line of credit for a remodel. she did sign for the heloc. we are now considering a divorce. does she have any right to the house? is she partially responsible for the home equity line of credit?
Hi bigringit,
If your wife's name is mentioned on the property deed, then she will be able to claim ownership rights in that property. If she is on the mortgage docs for the HELOC, she will be liable for paying a certain amount for the HELOC.
If your wife's name is mentioned on the property deed, then she will be able to claim ownership rights in that property. If she is on the mortgage docs for the HELOC, she will be liable for paying a certain amount for the HELOC.