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fmommie3
Guest
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 Posted: Sat Sep 26, 2009 7:43 am Post subject: quitclaim deed |
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I live in california and bought my home befor I was married, I am now refinancing and my husbands name is not on the loan and has never been on the deed but the bank wants him to sign a paper relinquishing his right and saying that the grant deed will appear only in my name. He thinks that this will make him responisble for the loan if something happens
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 marklavender1
Joined: 13 Sep 2009
Posts: 76
2.46 Dollars($)
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| Posted: Sat Sep 26, 2009 7:52 am Post subject: |
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fmommie3,
california is a community law sate. Therefore, Your home will be considered as a marital property & your husband as well will have stake in it.
That is the reaon bank is asking him to sign. Actually it is good for you |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7405
Location: bloomfield, ct
62.63 Dollars($)
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| Posted: Sat Sep 26, 2009 10:11 am Post subject: |
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i don't understand why it is good for our poster if her husband signs away his rights. are you contemplating them splitting up, mark? i'd have to note that our poster never said anything of the sort.
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George M. Akerley
Loan Consultant
860-221-5044 |
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