A married couple bought a house in Nevada after being married. The deed/title was in both names.
Can the husband put the house in his name with the wife's consent and then sell house in his name only while still married?
2 Answers from Attorneys
He can do that but most title companies are going to require the wife to quitclaim again to the purchaser.
The wife certainly can deed her interest in the property to the husband so he can sell the house as sole owner. I am not sure why you would want to consider this, though.
I will take a guess and say maybe it is a short sale that you do not wish to appear on the wife's personal credit history. Are you thinking that perhaps she could sooner qualify for a new mortgage if she was not involved in the short sale? That is interesting strategy, but ownership would not be the consideration for credit history purposes; rather, if both names are on the current mortgage, the short sale would cause a hit on both credit ratings.
If there is another reason for removing her name from the title, we would be interested in hearing it to, perhaps, offer advice on your proposed strategy.
Related Questions & Answers
In the state of nv is there a law where the buyer/seller cannot talk or contact the... Asked 2/17/13, 11:19 am in United States Nevada Real Estate and Real Property
Boyfriend and I are splitting up. The house is in my name. He gifted me the money... Asked 1/21/13, 6:39 pm in United States Nevada Real Estate and Real Property
My wife has a poor credit score, while mine is good. We want to purchase a home. Is... Asked 1/20/13, 5:06 pm in United States Nevada Real Estate and Real Property
My domestic partner and I both have out names on the home we purchased, can we... Asked 11/16/12, 2:30 pm in United States Nevada Real Estate and Real Property
My in-laws signed on a loan so my husband and I could get a home. We are inquiring... Asked 10/29/12, 7:14 pm in United States Nevada Real Estate and Real Property