Submitted by Anonymous on Thu, 07/10/2014 - 19:44
Loan Documents
Loan Documents
Separated from my ex husband. I live in Wa. He bought a property. I signed a quit claim deed. But what caught my attention was the line I sign which indicate borrower. It is the Truth and Lending disclosure and the other one Itemization of amount financed. The notary said he thinks after it goes to the county it should not show my name. Quit Claim as I understand is just relinquishing my right to the property but I want to make sure I am not liable for his loan in case something happen. I am a single mom trying to protect myself. Banks can be tricky sometimes.
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DO NOT SIGN A QUIT CLAIM IF YOU ARE ON THE LOAN
You would still be liable - not banks being tricky just how it is
if you are on a loan the ONLY way to get off of the loan is to pay it off - either refi or cash
if he is refinancing to get you off of the loan do NOT sign any loan docs -
Brian Barnes
ENG Lending
National Lender
Always Glad to help