divorce: After a Divorce, You May Still Be on the Hook for a Mortgage - 01/07/11 01:33 PM
After a Divorce, You May Still Be on the Hook for a Mortgage
I met a friend of mine for coffee recently and he told me he had signed a Quit Claim Deed, releasing his ownership of the house he and his now ex-wife had bought years earlier and in which she lives.  He added, "I can go buy another house now, right?  That's what my realtor said."
"Maybe," I replied.
He was under the impression that a California Quit Claim Deed released him from liability on the mortgage attached to his ex-wife's house in addition to releasing his ownership interest.  … (2 comments)