Posted on: 09th Jun, 2009 12:06 pm
I refinanced my mortgage. When I did it, the broker structured it with me only on the mortgage/deed and had my wife sign a quit claim.
What happens when I die? Will the house automatically pass to her? Can the bank take the property away from her even if the mortgage is current?
We live in Washington State which is a community property state.
Thanks for your reply!
Josh
What happens when I die? Will the house automatically pass to her? Can the bank take the property away from her even if the mortgage is current?
We live in Washington State which is a community property state.
Thanks for your reply!
Josh
Hi JW
You have mentioned that your wife had signed a quitclaim deed during the closing. I guess, her name was removed from the property when she signed the deed. The property won't pass to your wife automatically after your death. She will have to file an affidavit of heirship and transfer the property in her name. Then she'll have to refinance the mortgage.
Thanks.
You have mentioned that your wife had signed a quitclaim deed during the closing. I guess, her name was removed from the property when she signed the deed. The property won't pass to your wife automatically after your death. She will have to file an affidavit of heirship and transfer the property in her name. Then she'll have to refinance the mortgage.
Thanks.
hello there,
if you'd like to add your wife back to the property deed, properly execute and file/record and quit claim deed adding her back on the deed. the loan will still be in your name only, unless you jointly refinance.
hope this helps.
if you'd like to add your wife back to the property deed, properly execute and file/record and quit claim deed adding her back on the deed. the loan will still be in your name only, unless you jointly refinance.
hope this helps.