Home arrow Mortgage Forums arrow Deeds, Property Transfer and Estate Planning arrow

To remove my wifes name from the property

Author Message
Icon Mini Profile RRGoodrich7





Joined: 03 Jun 2010

Posts: 1

1.37 Dollars($)
Post Posted: Thu Jun 03, 2010 11:46 am    Post subject: To remove my wifes name from the property
Like 0
Dislike 0

My wifes name is not on the mortgage (anywhere) at all, However since we do live together at the same address, her name only appears on the "Pinellas County, property appraisal list, in the City of Clearwater, the State Of Florida, along with mine, and yes as a resident first time home buyer I claimed my share of the "homestead exemption", I'm allowed to.
If we split up or I had to move into the world of God-forbid ...foreclosure.... with her name currently or still being on the property tax rolls HOW would this affect her ..her monies...her credit rating OR since she's not on the mortgage proper doesn't that really matter? As far as she's concerned AND is the "quit claim deed" the vehicle to be used? Thank you, in advance.
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10439
Location: Alaska
985.83 Dollars($)
Post Posted: Thu Jun 03, 2010 10:41 pm    Post subject:
Like 0
Dislike 0

Hi RRGoodrich!

Welcome to forums!

If your wife's name is not listed on the mortgage doc, then she won't be liable for the dues though her name appears on the appraisal list. So, the foreclosure will not affect her monies or her credit report. If her name is on the property deed, then she can sign a quit claim deed and remove her name from the deed.

Feel free to ask if you've further queries.

Sussane
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Refinance Quotes
Call for Rates
888-485-7561
Speak to a lender now.

We will match calls to our toll free number with our network of lenders.

Ask Questions
Community Attorney
Joshua Heard - Attorney Joshua Heard
Houston, Texas






Highlights

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool







We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.052 seconds.