What does a quick deed do?

Posted: Thu Aug 14, 2008 11:13 am Post subject: What does a quick deed do?

Does doing a quick deed on a piece of property to your ex do away with your responsibility of paying note and put it entirely up to your ex to pay?

sweeney · Posted: Thu Aug 14, 2008 1:02 pm Post subject:

Hello and welcome- No it does not. A quit claim allows you to remove or add a name to title but it does not affect the mortgage. To remove or add a name to the mortgage, you have to refinance.

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