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Quit Claiming

Quit Claiming

This is a discussion on Quit Claiming within the Mortgage Problems and Solutions forums, part of the Mortgage and Loans Forum category; Me and my girlfriend own a home together we are both on the mortgage. We are breaking up and I ...

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07-17-2008, 03:28 PM

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Quit Claiming

Me and my girlfriend own a home together we are both on the mortgage. We are breaking up and I am buying a new house. With the market being the way it is she isn't able to refinance because the house isn't worth what we paid for it. My lender wants me to quit claim the house over to her so I can qualify for the new home loan but I'm a little hesitant to do that because I will now be responsible for two loans but only have ownership in one house is that correct? What advise do you have.

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