Home arrow Mortgage Forums arrow Deeds, Property Transfer and Estate Planning arrow

Quit claim

Author Message
Icon Mini Profile hadesto8





Joined: 05 Mar 2008

Posts: 5

1.67 Dollars($)
Post Posted: Wed Mar 05, 2008 7:31 am    Post subject: Quit claim
Like 0
Dislike 0

I am in a predicament. I have been married for 5 years. My wife and I searched together and bought a home. I was not put on the title by Mortgage company. I have to signed a quitclaim.

My questions:
1. If we divorce, does she lose all claims on the house because I signed the quitclaim?

2. Is it possible to change that quitclaim? and add my name in the title with exemption community property with right of survivorship?
Icon Mini Profile larry





Joined: 27 Jun 2007

Posts: 3322

474.67 Dollars($)
Post Posted: Wed Mar 05, 2008 12:09 pm    Post subject:
Like 0
Dislike 0

Hi hadesto,

Welcome to the forum.

Whom did you sign the quitclaim deed? Is it that you have quitclaimed it to your wife? If so then she can change and add you in the deed but you cannot do that on your own as you are not the owner of the property now.

Feel free to ask if you have any further questions.

Best of luck,
Larry
Icon Mini Profile jheard
jheard
Moderator



Joined: 12 Dec 2007

Posts: 734
Location: Houston, TX
116.72 Dollars($)
Post Posted: Thu Mar 06, 2008 8:40 am    Post subject:
Like 0
Dislike 0

I don't understand your facts. The mortgage company does not put you on title. You receive title from the seller. The mortgage is separate.

If you signed a quitclaim deed, that does not affect your wife's interest. You can add your name to the title, but I don't know what "exemption community property with right of survivorship" means.
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

 
Refinance Quotes
Call for Rates
888-485-7561
Speak to a lender now.

We will match calls to our toll free number with our network of lenders.

Ask Questions
Community Attorney
Joshua Heard - Attorney Joshua Heard
Houston, Texas






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


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool






Community Chat

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 21.068 seconds.