i bought a house with my boyfriend and i want out now. the mortgage company says to get a quit claim deed then have him refinance in his name. how do i do this? how long does it take? Please HELP me!
2006-06-26 09:35:00 · 7 answers · asked by kaseymay_2000 2 in Business & Finance ➔ Renting & Real Estate
You can obtain the information at your local court house, fill out the Quick Clain Deed, and pay a small fee (normally 25.00) and file it at the court house....Easier to do, than a refinance...Unless he wants to go that route. Or if he wants a a lower interest rate or cash out, debit consolidation. A Quick Clain Deed takes your name off Title and deed, but your name is still on the mortage with his / your current lender....If you want your name off the Mortgage Company, that you would have to refinance....In case he ever defults on the mortgage. But as I mentioned the Quick Claim Deed takes your name off title and deed . ..Good Luck.
2006-06-26 10:17:59 · answer #1 · answered by W. E 5 · 2⤊ 0⤋
If he is willing to refinance, the settlement agent on the closing(title officer or attorney depending on the State) will usually provide you with a deed to sign. If you signed mortgage documents when you both bought the house, just deeding off the property to him will not change any obligation you have on the loan. I think the loan officer is really just telling you to get him to refinance. The documents will all be prepared for you if he is willing to do this by the settlement agent.
2006-06-27 11:36:23 · answer #2 · answered by spirus40 4 · 0⤊ 0⤋
Any Real Estate Agent can get you one, or you can probably get one at a Office Depot. Fill it out and send it to the Mortgage Company. But be sure he refinaces it, or you will be off the title but still responsible for the mortgage. Seek the advise of a Real Estate Attorney. It should not take long if he cooperates(couple of weeks). If he refuses to refinance, DO NOT SUBMIT A QUIT
CLAIM DEED. Keep in mind that he may not qualify to refinance by himself without your income.
2006-06-26 17:35:19 · answer #3 · answered by mommamojomuppet 1 · 0⤊ 0⤋
You can have an attorney prepare one for you or if there's a local document store. You also may be able to obtain a blank form from a local title insurance company. Once it's filled out it has to be recorded by the county and there is a fee. The time frame depends on which route you go. If you have an attorney that you use/trust I suggest you consult them to protect your interest and maybe help you get reimbursed any equity you've put in to the property. Filling out the form yourself can be a little tricky if you're not familiar with it. It also has to be notarized.
2006-06-26 16:45:34 · answer #4 · answered by wondering 2 · 0⤊ 0⤋
A quit claim deed is a simple piece of paper that you can get from the internet or a title company. Just fill it out with your signature notarized and you give up all interest you have in the property. Simple. Takes 5 minutes.
2006-06-26 16:40:18 · answer #5 · answered by monkey boy 2 · 0⤊ 0⤋
Contact you County Clerks Office, Real Estate Office, Realtors Office. They can assist you.
2006-06-26 16:40:07 · answer #6 · answered by jennifersuem 7 · 0⤊ 0⤋
http://www.azlegaldocs.com/forms/rt/6113.html
2006-06-26 16:39:13 · answer #7 · answered by jd 6 · 0⤊ 0⤋