Q: Will a quit claim remove my name from the mortgage or will I still be responsible for the house payment if the other owner of the home does not pay the mortgage?
A: A quit claim deed removes your name from the deed — but leaves it on the mortgage. So, you’re liable for the mortgage but have no ownership rights. It’s the worst possible scenario.
Dec. 17, 2008.
Scenerio: Man and woman(not married) have mortgage on home. Man dies with extremely high medical debts. Liens are now being placed on the home. How does this affect the two sons of the man?
How does signing a Quit Claim Deed protect the two sons of the man from being collected on for the debts of the man?