2 properties owned


#1

The deeds of trust may make you liable to the mortgage company, in order to be financially free from each property you are going to want your name removed from the deed of trust.

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Helena M. Nevicosi
Attorney with Rosen Law Firm

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#2

First let me state … me and the missus ain’t fighting each other

Here’s the situation. Wife and I bought home in '94 in Wake county. We did a refinance last year that put the mortgage in her name only and both names are on the Deed of Trust.

In 2008, I purchased a condo, in Wake county, and moved into it. The mortgage is my name only but of course both names are on the Deed of Trust.

We want her to have the '94 property in its entirety and for me to have the condo in its entirety.

Do the Deed of Trusts tie me to any debt on “her” house or tie her to any debt on “my” condo? I would think not?

Can an amicable separation agreement and 2 quit claim deeds provide each with full separation of the others desired property?

thx