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Can a loan modification release one of the borrowers along with a quit claim deed?
Wiki User
∙ 13y ago
You need to discuss that question with your lender. Only the lender can release a borrower from their obligation. That is generally done by a payment in full of the mortgage and a refinancing in the other borrower's name alone.
Wiki User
∙ 13y ago
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Are fees paid for a loan modification tax deductible?
no you have to claim it as income
If you sign a quit claim deed will your name be removed from that loan and go from joint to single?
No, signing a quit claim deed alone will not take a co-borrower off the mortgage that both borrowers signed. The mortgage is owned by the bank and only the bank can release one signer from the mortgage obligation. That is done rarely. Generally, the one who will keep the real estate must refinance and pay off the prior mortgage to release the co-signer.
Do you still pay for child support if you have health issues?
Yes. You pay until the court has made a modification to the child support order. You must request a modification. You should be prepared to provide compelling evidence of your claim of health issues that affect your income.
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