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Will a quit claim work for me?

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Guest	Posted: Mon Mar 15, 2010 3:25 pm    Post subject: Will a quit claim work for me? Like 0 Dislike 0 I co-own a house with my ex. If we do the quit claim to get me off the title does that mean i am no longer financially responsible for the loan?
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Mon Mar 15, 2010 8:32 pm    Post subject: Like 0 Dislike 0 Hi Guest! Welcome to forums! A quit claim deed will remove your name from the property. However, it won't help you in removing your name from the mortgage. Thus, after signing the deed, you would still be responsible for paying off the loan. If you want to remove your name from the mortgage, then you will have to ask your ex to refinance the loan. Feel free to ask if you've further queries. Sussane

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