quit claim ruining my credit

Guest 0.10 Dollars($)

How can I get my name taken off the deed of a home I bought with an ex-boyfriend? I signed a quit claim but my name is still not off the paperwork after 10 years. Now it is effecting my credit report.

0.10 Dollars($)

Hi,

Welcome to the forum.

How can quitclaim deed ruin your credit? Is it a mortgaged property and your boyfriend has not refinanced the mortgage on his name? Is it the fact? Please clarify.

Thanks,
Larry

larry · Joined: 27 Jun 2007 Posts: 3263 463.26 Dollars($)

Oops that was me above. Just got logged out Smile

michelle · Posted: Wed Feb 20, 2008 4:47 am Post subject:

Hi, welcome to the forum,

It sounds to me that your name is probably still on the mortgage or that the quit claim was never recorded. The quit claim releases you from property ownership but not the mortgage liability. If it was never recorded, you are still an owner on the property and would be responsible for any taxes and assessments that come due.

If you believe there still is a mortgage in your name, I would suggest you contact the lender as ask them to remove you from that loan, although they might not be willing to do so. Your ex will probably need to re-finance and remove you from the loan.

10 years is a long time - you might want to consider consulting an attorney to help get this resolved.

If you could please clarify your situation some, we'd be happy to provide a better answer.

Best of luck - I hope you work through this.

gmakerley · Posted: Thu Feb 21, 2008 9:58 am Post subject:

it seems pretty clear that your obligation on the mortgage loan remains in place. also clear is that your former boyfriend is having trouble making timely payments.

it's nice to say "your ex will probably need to re-finance" but there is probably no compelling reason for him to do so. and, of course, if he is having trouble in making those payments, that only complicates the entire situation.

you should definitely contact the lender to see what is going on, and if you have an attorney, it would be worth your while to consult him or her.

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