Real estate blog entries tagged with mortgage by Kelly Lise Murray (DivorceThisHouse.com)

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Home : Blogs : Kelly Lise Murray : Kelly Lise Murray's Blog : Tag "mortgage"

mortgage: Only Two Ways Off of a Joint Mortgage Per Divorce - Do You Owe (on) a House You Don't Own? - 01/12/09 09:19 AM

Another hidden danger of divorce real estate - joint mortgage after your divorce.
Sound familiar: "I signed the papers. Why is my name still on the mortgage?"
There are only two ways off of a joint mortgage:
Individually refinance the joint mortgage in the name of one spouse only OR Sell the house That's it. Simply signing papers likely means you gave up OWNERSHIP without giving up DEBT. It means you owe on a house you no longer own.
This is a HUGE mistake.
By signing a quitclaim deed, you transfer your ownership interest (whatever interest you currently have) in … (1 comments)

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Kelly Lise Murray

Franklin, TN

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January 2009 (16)

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