Quit Claim


#1

My husband owned his home prior to our marriage. My husband & I agreed to get a divorce & I have moved out. I have no interest in pursuing any claim on my husband’s home, however, we refinanced 1 1/2 years ago & because my husband was self employed & out of work, we had to add me to the loan & the deed. If I sign a Quit claim to the home, does that release me from liability & from the mortgage as his attorney told him?


#2

NO.

It releases you from the deed but NOT from the loan. Basically you’d have a loan on a house that you have no right to. Do not sign a quitclaim. You need your husband to refinance the house in his name only.


#3

Quit claim deed in favor of your husband would give him your property right in the house, but would not release you from the mortgage obligation.


#4

I did the same thing but I made sure it was written in the consent order that she pay the mortgage and home equity loan wit her child support and alimony. I am still at risk but if she defaults, I can file a motion for contemt.