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Mortgage vs Note


This is a discussion on Mortgage vs Note within the Mortgage Problems and Solutions forums, part of the Mortgage and Loans Forum category; I'm confused. I'm signing a Quit Claim deed on this property over to my wife. I am on the mortgage ...


   

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Old 05-03-2008, 02:16 AM
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Default Mortgage vs Note

I'm confused. I'm signing a Quit Claim deed on this property over to my wife. I am on the mortgage papers. But I'm not on the note (promissory note). She used her credit only when she refinanced. The mortgage does not show up on my credit, but my name shows up on the property taxes.I only signed a few papers @ closing. If I'm on the mortgage papers, on the deed, But NOT on the note, am I liable for this mortgage once I quit claim it over to her?


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