Posted by River City on March 19, 2007 at 13:54:41:
Are you on the loan as a mortgagor? If so, you do not want to quit claim your portion of the property to him (unless ordered by a court to do so). When you quit claim title, you no longer have any rights to the home. If you are on the loan and not the title, you can still be held responsible in paying the loan. Have your ex refinance the transaction in his name and you sign the quit claim simultaneous with the closing.
Quit claim not filed… steps to protect myself? - Posted by SKHunter
Posted by SKHunter on March 03, 2007 at 17:58:05:
I was divorced a very long time ago and recently was contacted by my ex. When he tried to get an equity loan, my name came up on the deed.
The original quit claim can’t be found and may not have been filed. I have a copy, but it isn’t signed.
It is WA. state, and my concern is if I sign the exemption and quit claim will it be enough to protect me? An attorney where I live seems to think I should be compensated, and that begs the question, how much?
As I understand it, I could be held responsible for payments if he should die or file bankruptcy. What is the safest way to go without hiring an attorney? I am no longer in Wa.