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both parties are in agreement to remove one parties name off the deed/mortgage. the remaining name on said documents will resume living in residence and continue to pay the mortgage. they have only lived in the residence 1yr.

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My dad is ederly and he had a new log cabben bilt on some land and unbenon to him when he signed the dee my sister put her name also, now the sister is no loger talking to him because he got remarried @ age 85, so how does my dad drop her name from deed?
He pays all bills / taxes!! :?:

Like | Dislike | Share | Posted: Wed, 05/02/2012 - 07:34 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi AlyssaG!

Welcome to forums!

Unless your sister signs a quitclaim deed and transfers the property to your father, he won't be able to drop her name from the deed.

Feel free to ask if you've further queries.

Sussane

Like | Dislike | Share | Posted: Thu, 05/03/2012 - 00:29 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi miss_sporty,

The party which wants to remove its name from the deed can sign a quitclaim deed in the name of the other party. This will transfer the ownership of the property in the other party's name. Once the ownership is transferred to the other party's name, they will have to refinance the mortgage in their name.

Thanks

Like | Dislike | Share | Posted: Mon, 01/05/2009 - 20:34 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

do i have to re apply for the mortgage

Like | Dislike | Share | Posted: Wed, 01/14/2009 - 09:10 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

nick i don't know if you are also known as miss sporty or not, so i don't know if i'm addressing this answer to the same original poster or not.

at any rate, in order to refinance, one needs to complete an application; so the answer to your question is clearly "yes."

Like | Dislike | Share | Posted: Wed, 01/14/2009 - 10:38 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My brother and I share a house which we both live in, however I am moving out. His name is first on the mortage then mine because financially he makes more. Question?, will a Quitclaim deed/mortage work for me and how long does this process take and or can I file this myself or should I seek representation. Thanks

Like | Dislike | Share | Posted: Mon, 03/30/2009 - 16:51 | Post subject:

jenkin7's picture
jenkin7 | Joined: June 4, 2007 11:02 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Stacey,

If you want to move out, you can sign a quitclaim deed to give up your interest in the property. However, this will not relese you of your financial lilability. To remove your name from the mortgage, your brother needs to refinance it in his name. You can also request your lender to release you of the liabililty when you sign the deed.

Like | Dislike | Share | Posted: Mon, 03/30/2009 - 22:58 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

it doesn't hurt you to have legal representation. you need to know what you're doing. to be perfectly frank about it: posting on a forum such as this may be helpful, but it's not the perfect solution to anything. you may very well get quality advice, but that's not going to enhance your understanding at all times. in order for you to fully understand what you're getting into or not getting into, i suggest you consider obtaining legal advice.

it's obviously your option whether you do so or not. i'm simply trying to point out that what often may appear as expert advice may just be the spitting back of what someone has learned through hearsay. lay people have no business giving legal advice, just as they'd have no business doing surgery.

this is by no means a criticism of the good people who populate this little corner of the universe. i have found great value in many of the questions and answers on these forums in this community. i encourage all who have a valuable message to share to participate.

Like | Dislike | Share | Posted: Tue, 03/31/2009 - 06:29 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi crisi!

Welcome to forums!

You and your husband will have to [url=http://www.mortgagefit.com/refinance.html]refinance[/url] the mortgage in your name in order to remove your friend from the loan. You can ask her to sign a quitclaim deed and transfer the property to you. This will make you the owner of the property as well as the mortgage.

Feel free to ask if you've further queries.

Sussane

Like | Dislike | Share | Posted: Tue, 03/29/2011 - 00:51 | Post subject:

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