Legal Question in Real Estate Law in Michigan
Quit claim deed
If I file a quit claim deed to my home would it release me from the mortgage as I am planning a divorce.
Asked on 8/29/08, 11:55 am
2 Answers from Attorneys
Renee Walsh
LawRefs Nonprofit
Re: Quit claim deed
No. You will still be responsible for the mortgage. You should not sign a quit claim deed until your wife has refinanced so that the property is in her name alone.
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Answered on 8/29/08, 12:47 pm
Lesley Hoenig
Lesley A. Hoenig, Attorney at Law
Re: Quit claim deed
No, you do not get released from the mortgage until the other party refinances the mortgage to only be in their name. It is not a good idea to quit claim your interest to the other party until that happens.
Answered on 9/02/08, 5:31 pm
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