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If as son my name is on title what will be my responsibilty interms of mortgage payment liability

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shahbaz_akram Joined: 09 Feb 2011 Posts: 1 1.28 Dollars($)	Posted: Wed Feb 09, 2011 10:43 am    Post subject: If as son my name is on title what will be my responsibilty Like 0 Dislike 0 If as son my name is on title what will be my responsibilty interms of mortgage payment liability and how to withdraw my title and how much is the fee and any phone name can be consulted
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Wed Feb 09, 2011 10:52 pm    Post subject: Like 0 Dislike 0 Hi shahbaz_akram, If your name is not mentioned on the mortgage docs, you won't be responsible for paying the loan. However, as an owner, you'll be liable for the maintenance and property taxes. If you want to remove your name from the property title, you can sign a quitclaim deed in favor of the owner of the property. _________________ Procrastination is the enemy of your financial success
Guest	Posted: Thu Feb 10, 2011 11:22 am    Post subject: Like 0 Dislike 0 THANK YOU

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