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quit claim deed in virginia

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braucci Joined: 06 Aug 2010 Posts: 1 1.28 Dollars($)	Posted: Fri Aug 06, 2010 5:48 pm    Post subject: quit claim deed in virginia Like 0 Dislike 0 my mother and her soon to be ex-husband are both on their mortgage note in virginia. my question is if she files a quit claim deed to take her name off the mortgage note, will he have to requalify for the mortgage now that he'll be the only on the mortgage note? respond asap please!! thank you!!
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Aug 08, 2010 10:40 pm    Post subject: Like 0 Dislike 0 Hi braucci, Once your mother signs a quit claim deed in her soon to be ex-husband's name, he'll have to refinance the mortgage in his name. In order to refinance the loan, he should have a good credit score and income. Apart from this, his debt to income ratio will also be taken into consideration and the property should also have equity in it. _________________ Procrastination is the enemy of your financial success

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