does a quit claim deed absolve you from mortgage liability i

mhowe180 · Joined: 13 Jul 2008 Posts: 1 1.34 Dollars($)

does a quit claim deed absolve you from mortgage liability in the state of Florida. I'm getting a divorce and I wish to sign the house over to my wife. We both are on the mortgage and I wanted to know if I use a quit claim deed to sign over the house will I still be liable for the mortgage???? And if so how do I do we do it so I'm not liable???? I live in Florida is there diffrences in this state compared to others?

adonis · Posted: Sun Jul 13, 2008 9:45 pm Post subject:

Welcome Mhowe,

The quitclaim cannot absolve you from home loan payments; you will still be responsible for the mortgage. Know more from http://www.mortgagefit.com/discuss/about2007.html .

brian1 · Posted: Sun Jul 13, 2008 11:33 pm Post subject:

No absolutely not. The only way to get off the mortgage is to pay it off. She can refinance into her name only otherwise you are on there until is paid.

Good Luck
Brian

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