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Need info to get name off loan & title etc...

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Shelley Guest	Posted: Thu Jun 26, 2008 11:21 am    Post subject: Need info to get name off loan & title etc... Like 0 Dislike 0 I have been divorced since jan 22, 08. I am owner of the home and my ex is co-brower...the only thing is the market is bad right now and we have lowered the price. No one is wanting to buy right now...I could use the money from the house, but I feel my ex is being a pain in the you know where. and i don't want to deal with him anymore..I moved out a couple of months ago because of the conflict of interest...I still pay for one of the house loans every month...I really could use that money to get back on my feet. I really don't want to do a Quitclaim Deed but I feel it's the only way out and then I don't have to deal with my jerky ex... So my question is even if I am the first person on the house/loan etc. can I still file for a quitclaim deed or is it not worth my time and money to do so... Thanks for your help! Shell
jheard Moderator Joined: 12 Dec 2007 Posts: 734 Location: Houston, TX 116.72 Dollars($)	Posted: Thu Jun 26, 2008 11:48 am    Post subject: Like 0 Dislike 0 Title and the mortgage are separate. Taking your name off the title will not affect the mortgage. If you can't sell the house, you must have your ex refinance the mortgage in his name only. _________________ Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation.
larry Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)	Posted: Fri Jun 27, 2008 3:29 am    Post subject: Like 0 Dislike 0 Hi Shelley. Welcome to the forum. You can quitclaim but that will only transfer the property to your ex husband. So your name removed from the mortgage your ex needs to refinance the mortgage on his name only. You need to talk with your lender also and take his consent before quitclaiming the property. Feel free to ask if you have any more questions . Best of luck, Larry
brian1 Community Expert Joined: 14 Jun 2008 Posts: 448 Location: Northern California 15.61 Dollars($)	Posted: Fri Jun 27, 2008 6:30 pm    Post subject: Like 0 Dislike 0 DO NOT Quitclaim You will give up your rights but not your responsibility. Good Luck Brian _________________ Licensed Broker 50 states http://www.aimwithfocus.com Live Chat available Need quick advise email or PM Glad to help Pre-approvals www.applyonlinesecure.com
smaildaytoday Joined: 15 Oct 2007 Posts: 52 0.00 Dollars($)	Posted: Sun Jun 29, 2008 12:07 pm    Post subject: Like 0 Dislike 0 you can remove your name from the title of property, that is separated from the mortgage. you will have to be responsibility for your mortgage.

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