Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

Name off mortgage

Author Message
Icon Mini Profile gcoxhorizonhobby





Joined: 18 Jan 2010

Posts: 1

1.34 Dollars($)
Post Posted: Mon Jan 18, 2010 2:25 pm    Post subject: Name off mortgage
Like 0
Dislike 0

Back in July of 09 myself and my ex broke up. We own a home in Rantoul, IL. I signed the quit claim deed on August 10th under the promises made by herself that she would have the home refinanced within a month or two with the help of her Parents. Well her Parents do not want to help her because they say she makes very poor decisions.
i would like to know how do I go about getting this house out of my name and if I cant, how do I go about getting the home placed back in my name so I could seel it..
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Mon Jan 18, 2010 9:03 pm    Post subject:
Like 0
Dislike 0

Hi gcoxhorizonhobby,

If you want to remove your name from the mortgage, then your ex will have to refinance the loan in her name. As far as adding your name to the property deed is concerned, you'll have to ask your ex-wife to sign a quit claim deed. Once she does so, you would become one of the owners of the property and then you can sell it off.

Thanks
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor

best lender badge

Joined: 09 Nov 2007

Posts: 12376
Location: bloomfield, ct
58.49 Dollars($)
Post Posted: Mon Jan 18, 2010 9:55 pm    Post subject:
Like 0
Dislike 0

was the quit claim you executed a result of a divorce? was the decree for said divorce (if so) specific about what was to take place with the home? if those are yes answers, then you ought to go back to the court and revisit the situation. whoever represented you needs to assist you to get the situation rectified.
_________________
George M. Akerley
Mortgage Underwriter/Consultant
Word of Excellence- Writing/Editing/Proofreading
860-221-5044
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

 
Highlights

Bookmark this page

Helpful References

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


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











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 0.057 seconds.