Home arrow Mortgage Forums arrow Forums: Learn from other's experiences arrow

What responsibility does a quitclaim deed remove from an ind

Author Message
Icon Mini Profile druthgreen88





Joined: 18 Aug 2008

Posts: 1

1.26 Dollars($)
Post Posted: Mon Aug 18, 2008 9:15 am    Post subject: What responsibility does a quitclaim deed remove from an ind
Like 0
Dislike 0

Divorce---wife wants husband to quitclaim deed the house to her,,,what responsibility will he have if she faults? Will his name remain on the contract thru the finance company?

Thanks
Icon Mini Profile laphillips
laphillips
Community Expert
Community Expert

best lender badge

Joined: 10 May 2008

Posts: 134
Location: Yucaipa, CA
33.92 Dollars($)
Post Posted: Mon Aug 18, 2008 12:40 pm    Post subject:
Like 0
Dislike 0

Hello druthgreen88,

A quit claim deed only transfers the interests in real property it DOES NOT change any responsibility as far as the mortgage is concerned.

_________________
Lynnette Phillips
Loan Officer/Realtor,
Foreclosure Consultant
Home Pride Mortgage
My Blog: http://activerain.com/helpingufindaway
My website: http://lynnettephillips.com

**This is not intended as legal advice. I am not an attorney.**
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

 
Highlights
Bookmark this page
Share |

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


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


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


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

MortgageFit on Twitter

Followers (265)








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 21.057 seconds.