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quitclaims

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gwen Guest 0.10 Dollars($)	Posted: Mon Jun 23, 2008 10:57 am    Post subject: quitclaims my ex wanted me to quitclaims the mortgage but he says the house is up for foreclosure. what is in it for him
gwen Guest 0.10 Dollars($)	Posted: Mon Jun 23, 2008 11:00 am    Post subject: quitclaims what is he getting out of it
larry Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)	Posted: Tue Jun 24, 2008 2:21 am    Post subject: Hi gwen. Welcome to the forum. I don't understand how can you quitclaim the mortgage? You can only quitclaim the property. Actually quitclaim is a deed that is generally used to transfer property. You husband can refinance the mortgage on his name only to remove you name from the loan. Wait a minute, is he asking you to refinance the mortgage on your name only just before the foreclosure? Oh that will be horrible request. I think you should ask him what exactly he wants. BTW do not refinance on your name only as that will make you responsible for the deficiency judgment is the sell price is lesser than what you owe to the lender. Feel free to ask if you have any further questions. Best of luck, Larry
smaildaytoday Joined: 15 Oct 2007 Posts: 52 0.14 Dollars($)	Posted: Sun Jun 29, 2008 12:43 pm    Post subject: you can quit claim for house, but the mortgage can not been quit cliam.

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