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ownership before marriage by one person in community state

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refinance during marriage Guest	Posted: Thu Nov 03, 2011 7:30 pm    Post subject: ownership before marriage by one person in community state Like 0 Dislike 0 would I have to sign a quit claim before refinancing to keep the home completly in my wifes name during refinancing. In others words the home was in her name before we got married. she now wants to refinance her home but she said that I need to sign a quit claim deed becuase the bank won't allow the refinance without the quit claim deed. why is this so or is it? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Thu Nov 03, 2011 10:49 pm    Post subject: Like 0 Dislike 0 Hi Guest, If you want your wife to get the whole property and mortgage, then you will have to sign the deed in her name before refinance. This will make her the sole owner of the property. In case she can't pay off the loan, it will be easier for the lender to foreclose the property if she remains the sole owner of the property. _________________ Procrastination is the enemy of your financial success

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