Will Quitclaim Deed Remove Ex-Spouse from Mortgage? Q: My ex-spouse will sign a quitclaim deed to me on the house we lived in. Will that quitclaim deed remove her name from the mortgage? Her name is not on the loan promissory note but she did sign on the mortgage document. How can I remove her [...]
What can I do about inheriting property that has a mortgage? This reader wants to know if they can execute a quitclaim deed to absolve themselves of mortgage payment responsibilities. Q: I have inherited a 25 percent interest in a home along with three other siblings. I do not want my 25 percent and want [...]
A quitclaim deed conveying the title of a home to a living trust can result in a stepped up basis when selling the home, but if it is unrecorded it likely will not be of any help. Q: In response to your recent article about a father who transferred title in his home to his [...]
