Divorce Question
I am going through a divorce and want to free myself from the liability of the current mortgage in both of our names. Can I do a quit claim to accomplish this? What is the best way to get off of the loan? by annaroberts77806 from New Liberty, Kentucky. Oct 5th 2015
Joel Lobb (kentuckyloan)
#3 ranked lender in Kentucky - 192 contributions
The only way would be to refinance your name off the loan or sell the house and payoff the loan.
Derick Condron (rightstartoregon)
#30 ranked lender in Oregon - 598 contributions
You will have to have your soon to be Ex do a refinance to remove yourself from the loan. Quit Claim is only the title you will still be on the note.
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
A quit claim only removes you from the ownership of the property,.. it will not remove you from the liability of the loan.. the only way to do that is to somehow pay off the loan.. either by refinancing, selling or using cash reserves to pay it off, but that's the only way to get off the loan.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347
Ask our community a question.
Get an answer
