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If you sign a quit claim deed will your name be removed from that loan and go from joint to single?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
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Is quick claim deed the same as joint owned?
They are not the same, a quit claim deed is a method of transferring rights to property. Joint owned is a form of ownership.
Does widowed spouse inherit as right of survivorship or joint tenant in VA?
If she and her husband were both on the deed, it will be survivorship. If not, she will have a claim on the property.
what is a ouick claim deed?
Quick Claim Deed is usually misspelled and should be Quit Claim Deed. If you are granting the deed you are "quitting" any interest in the property. A quitclaim deed is a fast and effective way of transfering property.
Can a deed holder be removed from an existing deed with notification?
The only way a person is "removed" from a deed is by conveying her interest to someone else by a deed.
Can a joint ownership deed be transferred to single ownership without a signature of one owner?
The owner who signs a deed must be the one who is transferring their interest to the other.
Jointly owned property marriage ended reconciled and ended which document is valid the previous quit claim deed or the recent joint title deed can the quit claim deed be bought forward now?
The most current deed is the only deed that is valid. It is proof of the current ownership.The most current deed is the only deed that is valid. It is proof of the current ownership.The most current deed is the only deed that is valid. It is proof of the current ownership.The most current deed is the only deed that is valid. It is proof of the current ownership.
Do you have sole ownership of home if husband is deceased and quit claim puts his and your name on the deed?
It depends on the tenancy recited in the deed. If the deed recites that you will hold title as joint tenants with the right of survivorship then husband's interest will automatically pass to wife upon his death.
If you paid the equity to your spouse from your divorce and obtain a quick claim deed can his name be dropped from the deed without refinancing?
It is a "quit claim deed" that you have to obtain and you have to refinance to drop the other name. It is a "quit claim deed" that you have to obtain and you have to refinance to drop the other name. It is a "quit claim deed" that you have to obtain and you have to refinance to drop the other name. It is a "quit claim deed" that you have to obtain and you have to refinance to drop the other name.
In New Jersey can a cosigner be removed from the deed without signing the quitclaim deed form?
The obligation of being a cosigner and the inclusion of the person's name on a deed are two different issues. Being removed from a deed does not relieve the cosigner of the financial obligation of the loan. In addition, a quit claim to property is usually necessary, the action needed depends upon the laws of the state where the property is located.
Can you break a joint tenancy deed with quitclaim deed?
Yes.Yes.Yes.Yes.
Mother and son own property as joint tenants. Mother conveys to daughter by quit claim deed. Are sister and brother now joint tenants?
No. They are now tenants in common. If one joint tenant conveys their interest to a third party the joint tenancy is severed. If brother and sister wish to own as joint tenants they should convey to a straw and then have the straw convey back to them as joint tenants. They should consult with an attorney who can draft a proper deed for their jurisdiction.
What is another name for a quit claim deed?
a deeda deeda deeda deed
