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quit claim deed

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Post Posted: Thu Oct 14, 2010 8:34 am    Post subject: quit claim deed
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my husband divorced his ex-wife in 2007, in 2008 they did a quit claim deed(exempt). The bank called and said that she could not get financed for the loan. What legal rights does myhusband have?
Icon Mini Profile dipaligopale





Joined: 25 May 2010

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Post Posted: Fri Mar 11, 2011 8:41 am    Post subject:
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Hi Guest,

Welcome to Mortgage fit,

If your husband's ex is unable to get refinance due to poor credit,your husband is still liable to pay the mortgage (even after quit claim deed is signed).

If the property is in a community property state then certainly laws differ from state to state.For more precise answer if you could tell us the state where the property is located it would be lot easier for us to answer your query.

DIPA

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