Do we need to refinance in a divorce?
I own a house w/ my husband and
we bought at the height of the
market in Howard County, maryland.
Now we're worried we don't have
much equity (0%down and we've
paid $17,000 above interest). He is
staying in the house. I want my
name off. Is the only way to do this
to refinance? I've heard about
something called a QuitClaim Deed?
1 Answer from Attorneys
Re: Do we need to refinance in a divorce?
The Quit Claim Deed can remove your name from the Deed. However, changing the deed does not necessarily absolve you from the responsibility of the mortgage.