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Quitclaim Deed

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ACE Guest	Posted: Mon Oct 24, 2011 4:28 pm    Post subject: Quitclaim Deed Like 0 Dislike 0 My brother is going through divorce and he left the house to his soon to be exwife she is pushing him to sign a qiutclaim deed, he just wants her to take his name off the house should he sign?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Oct 24, 2011 7:43 pm    Post subject: Like 0 Dislike 0 Hi ACE! Welcome to forums! Unless your brother signs the quitclaim deed in the favor of his ex-wife, he won't be able to remove his name from the property deed. After he does so, he should ask his ex-wife to refinance the mortgage in her name. Feel free to ask if you've further queries. Sussane
petekolackovsky Joined: 14 Sep 2011 Posts: 53 Location: Calgary, AB 247.79 Dollars($)	Posted: Tue Oct 25, 2011 5:54 am    Post subject: Like 0 Dislike 0 Hey ACE, The only way your brother will be able to remove his name from the mortgage is by signing the quitclaim deed. Refinancing a mortgage is exchanging the terms of the loan for new terms. You may swap out the terms if you are financially unstable, cannot make further payments in full or need to change the name(s) on the loan. Hope i could help you out! _________________ Pete Kolackovsky Mortgage Consultant http://www.mortgage-calgary.com

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