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quitclaim deed

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GraceV Guest	Posted: Thu May 19, 2011 6:34 am    Post subject: quitclaim deed Like 0 Dislike 0 Hi, Can anyone help me understand below thanks much: Husband is only person in home mortgage, home title joint tenants husband & wife, now selling their home & same time buying new home also joint tenants title but only husband name on mortgage. 1) why husband ask wife to quitclaim their home two weeks before closed escrows on both houses? 2) What's common normal process of above circumstances? Thanks _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10476 Location: Nevada 989.90 Dollars($)	Posted: Thu May 19, 2011 7:42 pm    Post subject: Like 0 Dislike 0 Hi GraceV, If the wife transfers her share of the property to the husband, then the husband will become the sole owner of the property. It may become easier for the husband to sell off the old property. However, it is surprising that the husband has asked the wife to transfer her share in the new property as well. The wife should ask the husband about the reason. Thanks

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