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How can I remove my name from a deed

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Icon Mini Profile stuneseht





Joined: 19 Sep 2008

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Post Posted: Fri Sep 19, 2008 11:45 am    Post subject: How can I remove my name from a deed
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My mom and I purchased a home together in 2005 and we were both on the deed. However, she refinance and remove my name from the loan, but I am still on the deed. If the loan is in default can I be held responsible because of the deed?
Susanne

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Post Posted: Mon Sep 22, 2008 4:19 am    Post subject:
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Hi stuneseht,

You can sign a quitclaim deed and give away all the interest in the property. You can include a life estate clause in the deed to stay until death in the house. I don't think you will be held responsible for the default as your name is not on the mortgage deed any more.
Icon Mini Profile jk9999





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Post Posted: Sun Jul 19, 2009 9:23 pm    Post subject:
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no, deed and loan are two different items. Deed is related to the title and loan is related to the obligation. As long as your name is not on the loan, you are not responsible for the loan. If you are still on the deed, you are still co-owner with your mother and has right in the interest. It is up to you whether you will sign the quit claim deed or not, but there is no relationship between the quit claim deed and the loan if your name is not on the loan. Hope this helps
Icon Mini Profile cliveselley





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Post Posted: Sat Jul 25, 2009 8:52 am    Post subject:
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i like reply given by Susanne. it covers all the dimensions
Crocket

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Post Posted: Sun Nov 08, 2009 4:42 pm    Post subject: Joint deed
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The house is free and clear of all debt or leans I want to give the house to my wife how do i do this without her knowing
Icon Mini Profile eric1
eric1
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Post Posted: Sun Nov 08, 2009 6:42 pm    Post subject:
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Your answer is here... http://www.mortgagefit.com/problems/removename-refinance.html
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