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

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 [url=]refinance[/url]. 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

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

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.

Like | Dislike | Share | Posted: Wed, 05/27/2009 - 21:55 | Post subject:

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

thanks for the reply.

Like | Dislike | Share | Posted: Thu, 05/28/2009 - 17:46 | Post subject:

Realgeni's picture
Realgeni | Joined: April 13, 2009 08:03 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

maui after singing the [url=]quit claim deed[/url] 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.

Like | Dislike | Share | Posted: Thu, 05/28/2009 - 20:20 | Post subject:

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