Quit Claim Deed

[Administrator]

Hello, can you please advice me what should my father do? my father bought a house in 2001. at that time he was still with my mother but they were not married. they separated and in 2005 he got married again. he is the only owner of the house. now, he is going to sign papers for divorce, but he is afraid because he has been married for more than two years his wife can fight for the house. she has never made any single payment for that house and he never added as the co-owner. he told me that because I help him with the finances and caring of the house he wants to sign a quit claim deed to me. my credit is not good at all. I have conversation with one credit repair agency to fix my credit. my credit is on collection and i am afraid if my father signs the quit claim deed we will lose the house due to the debts i have from my creditors. even though now i have a good job and i can pay my debts in 3 months i do not know what to do? please, can you advice me what is the best thing to do on this situation thank you


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(Source: mortgagefit.com)