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Name on Title not on Mortgage

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Jess Guest	Posted: Wed Oct 08, 2008 6:45 am    Post subject: Name on Title not on Mortgage Like 0 Dislike 0 A condo is mortgaged in only my mother-in-laws name. Both my name and her name are on the title. She will be to filing for bankruptcy. Would this effect me or my credit in any way? Is there a way to remove my name form title? Please help! What is the best solution??
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Thu Oct 09, 2008 10:19 pm    Post subject: Like 0 Dislike 0 Hi Jess! Welcome to Forums! If your name is not on the mortgage, then you will not be affected in any way. Yes, you can remove your name from the title of the property by signing a quitclaim deed in your mother-in-law's name. Feel free to ask if you have further queries. Sussane
jerry Moderator Joined: 17 Oct 2005 Posts: 2617 Location: MICHIGAN 415.55 Dollars($)	Posted: Wed Oct 15, 2008 1:54 am    Post subject: Like 0 Dislike 0 Hi Jess! I don't think that the bankruptcy will affect you as your name is not on the mortgage. Quitclaim is the best way to remove your name from the property. Thanks, Jerry
liaoyu03 Joined: 09 Sep 2007 Posts: 166 4.48 Dollars($)	Posted: Tue Oct 21, 2008 6:10 am    Post subject: Like 0 Dislike 0 Yes, due to your name isn't on the mortgage, you will not be affected. Also, you can sign a quit claim deed to your mother-in-laws. But your mother-in-laws cannot sign it to you.

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