To remove your husband's name from the deed in Ohio, you can execute a quitclaim deed, which transfers ownership to you alone. Both parties must sign the deed, and it should be notarized before being filed with the county recorder's office. However, keep in mind that removing his name from the deed does not affect the mortgage; he will remain responsible for the mortgage payments unless the lender agrees to a loan modification. It’s advisable to consult with a real estate attorney to ensure proper handling of the process.
No, it shouldn't. Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.
If your name is on the deed but not the mortgage, it means you own the property but are not responsible for the mortgage payments.
Yes. But the deed and mortgage would have to be in her name. It would not be your property.Yes. But the deed and mortgage would have to be in her name. It would not be your property.Yes. But the deed and mortgage would have to be in her name. It would not be your property.Yes. But the deed and mortgage would have to be in her name. It would not be your property.
In Ohio, if you sign a quick claim deed to land and a house when your name is still on the mortgage loan, you will still be responsible to the bank.
Ownership of real property is determined by the names on the deed.
You and your husband are the legal owners of the property but it is subject to the mortgage. If you default on the mortgage payments the bank can take possession of the property by foreclosure.
That depends on whose name was on the deed when the mortgage was executed.
No. If you are on the mortgage you should also be on the deed.
In any state, the title to the unit (deed) is held as collateral for repayment of the mortgage. This means that the mortgage company can sell the property in order to recover the amount of the loan (foreclosure). Because your name is on the title, it's possible that you can negotiate a repayment plan that is acceptable to the mortgage company, in order to retain your name on the title. Once the lender is paid, then you can sell the property and enjoy the benefits of the proceeds.
Then the husband is the sole owner of the property. Unless it is specifically written in the husbands Will (if he should die) the property belongs to him and him alone.
how do i get my name off my ex husbands mortgage in new york state if he cannot requalify with the bank
By definition a mortgage is secured on the deeds of the house. They will have the deed (or officially have their name legally registered for the property) if they have given you a mortgage.