Is my husband still liable for the mortgage if he signs a quick deed claim?

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Icon Mini Profile maui72





Joined: 27 May 2009

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Post Posted: Wed May 27, 2009 11:26 am    Post subject: Is my husband still liable for the mortgage if he signs a qu
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We are getting a divorce in Fl. My husband is afraid if he signs the quick deed claim to me and I default on the mortgage that he will be held liable. We have a non-assum mortgage and I will be refinancing with in the year. The divorce papers indicate that I have 1-3 years to refinance. I have agreed to change this to 1 year. The divorce papers state the he is not held liable of any finances related to the house. I thought the quick deed claim would sign over his interest and obligations to the mortgage. Both names are on the mortgage. Any advice would be of great help. Thank you
Icon Mini Profile jenkin7
jenkin7




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Post Posted: Wed May 27, 2009 9:55 pm    Post subject:
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Hi maui,

When your husband signs the quitclaim deed he will be transferring his property interest only. He cannot transfer his loan liability through a deed. He will remain responsible for the loan until you refinance it solely in your name.
maui

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Post Posted: Thu May 28, 2009 5:46 pm    Post subject: thanks
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thanks for the reply.
Icon Mini Profile Realgeni





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Post Posted: Thu May 28, 2009 8:20 pm    Post subject:
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maui after singing the quit claim deed he is till responsible for the loan. If you default, it will show up on his credit report.

If you refinacne now and he gives you quit clam then he will be ok.
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