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quitclaim deed

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rchris Guest	Posted: Thu Oct 28, 2010 10:54 am    Post subject: quitclaim deed Like 0 Dislike 0 I was recently married. I own my home as the sole owner, and make all payments. The new wife also owns a home as a separate piece of property, and wants to refinance the property. She has been told that California views her as half owner of my debt, so she does not qualify for the refi. If I go on the re-fi loan with her, then quitclaim it back, do I have any liabilities with the tax man??? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Oct 28, 2010 11:16 pm    Post subject: Like 0 Dislike 0 Hi rchris! Welcome to forums! You can help her in refinancing the mortgage. If you quitclaim the property back to her, then she will become the owner of the property, but you'll remain liable for the mortgage. I don't think you'll be liable for any taxes due to this. Sussane

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