I married when I was 18(stupid) and we divorced about 2 years ago . We did not put in the divorce that my name was to come off of the house for some reason that I don't remember now. I tried to get him to refinance the house in his name and won't do anything to get my name off of there, all we did was I signed a quit claim deed. Now, I am looking to buy my own house. Would that cause a problem with being on the other house still? What steps can I take to get off of the other house?
2007-06-23 04:28:56 · 5 answers · asked by brittbe222 2 in Business & Finance ➔ Renting & Real Estate
Yes you can buy, but it really depends on your credit and income. Also, adviseable to have a note prepared and signed by the ex. disclosing who's paying for what.
2007-06-23 04:37:01 · answer #1 · answered by Anonymous · 0⤊ 1⤋
You have two problems.
1. You quitclaimed your rights to the old place without requiring him to refinance. If he defaults on the loan, they can still come after you but you no longer have any right to the home. (If your divorce lawyer told you to do that, consider a suit for malpractice. That was TERRIBLE advice!)
2. Because you're still on the loan for the other home it will show up on your credit and will probably impact your ability to get another mortgage or at least limit the amount that you can qualify for.
About the only thing that you can do now is go back to court where the divorce was granted and try to get the decree modified to either get force him to sell or refinance to get your name off of the loan or at least get your name back on the deed so if he defaults you can still take possession of the home.
There's no way that the lender on his home is going to take your name off of the old mortgage. They have no incentive to do so since they'd no longer be able to go after you if he should default. The loan will have to be retired, either through a sale of the property or re-fi of the loan if your ex want's to stay put.
2007-06-23 04:39:34 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
I in simple terms have been given goosebumps, so i could say definite. it may be thrilling to get a mystical investigator on your place. I lived in a rented homestead and we had a ghost. He customarily inhabited the downstairs section close to the hearth. strange issues occurred each and all the time fairly to my roommate who lived down stairs. I additionally visited an very previous B&B the place the unique owners nevertheless inhabited it. i will on no account forget that have
2016-10-18 11:23:31 · answer #3 · answered by ? 4 · 0⤊ 0⤋
you can buy as many propertys as you please. its all abou tthe mortgages. if the mortagage is in your name also then you have to worry about income to debt racio. a bank will consider you still paying on that property and will add it in your budget. you should no problem getting a place if you are just on the deed. he can;t sell the property unless you sign off.
2007-06-23 17:19:25 · answer #4 · answered by Eden 3 · 0⤊ 0⤋
as long as you signed the quit claim deed you should not ave a problem. ou wold need to contact your county's recording office to se if your name is still attached to this property. It shold not be if the QC deed was filed. Hope this helps
2007-06-23 04:36:12 · answer #5 · answered by casey m 2 · 0⤊ 1⤋