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 summabrz07
Joined: 26 May 2009
Posts: 1
1.42 Dollars($)
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 Posted: Tue May 26, 2009 8:16 pm Post subject: I want to remove my name from the title , I am not on the lo |
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My husband bought the house in 2007. We married in 2008 and he added me through Quitclaim (only to the title) in Feb 2008.
Can I purchase my own home? and if yes does having my name on the title to his house affect my chances of getting my own loan ?
When I move out, if he is late on his mortgage does it affect my credit ? I am not on his loan only the title. can I remove my name through Quitclaim? or it is necessary. I am just trying to move on my own and get my own place |
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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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| Posted: Tue May 26, 2009 8:56 pm Post subject: |
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Hi summabrz!
Welcome to forums!
As your name is not on the loan, I don't think you would face any issues getting finance for your own home. However, if you do not want to retain your name in the property deed, you can sign a quitclaim deed and transfer your portion of the property in your husband's name.
Feel free to ask if you have further queries.
Sussane |
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sunil87020
Joined: 04 May 2009
Posts: 251
-0.05 Dollars($)
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| Posted: Wed May 27, 2009 7:06 am Post subject: |
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Yes, You can able to get new loan.
It will not affect your credit score. |
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Summabrz
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| Posted: Thu May 28, 2009 9:32 am Post subject: New home |
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| Thank you for responding. If I get a new home will being married will he automatically be added to that one also ? |
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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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| Posted: Thu May 28, 2009 10:02 pm Post subject: |
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Hi Summabrz!
Welcome to forums!
No one can get automatically added to the property deed. However, if you are staying in a community property state, then your spouse can have rights to the property if you purchase it after marriage.
Feel free to ask if you have further queries.
Sussane |
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Beverly
Guest
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| Posted: Thu Jul 23, 2009 5:48 pm Post subject: Property Rights |
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| What rights do I have to my home if I am only on the title and not on the mortgage? |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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| Posted: Fri Jul 24, 2009 3:32 am Post subject: |
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Hi Beverly
Though you are not on the mortgage, you would be considered as one of the owners of the property as your name is on the property deed.
Thanks.
_________________
Good is the Enemy of Great. |
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