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removing my wife from my timeshare because we are separated

Posted on: 21st Feb, 2012 05:36 pm
i own a timeshare with my wife but we can no longer afford it. i want to remove her name from the title and then plan on filing bankruptcy because i just can't afford it. we are also separated so i don't want to mess up her credit. will a quitclaim resolve this?
Hi Ricardo,

Your wife can sign a quitclaim deed and transfer the property to you. This will make you the sole owner of the property. However, if she is on the mortgage docs, then she will become liable for the mortgage payments if you file bankruptcy and get a discharge from the loan.
Posted on: 21st Feb, 2012 07:18 pm
i think the simplest way out is to prepare a quit claim deed for each of the timeshare. in short, your deeds are currently in the name of husband and wife. so you have wife execute a deed giving everything she owns to husband. you then file this with the county where the property is located, and send a copy to the timeshare.
then your name is off.

problems will be if he doesn't want them, and doesn't want your share, or if the court wants to distribute the property a different way.
Posted on: 21st Feb, 2012 11:38 pm
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