Can a quitclaim deed remove someone from a mortgage?

by amyc

A quit-claim deed transfers ownership interest in a property, but it does not remove a borrower from the mortgage loan. That can create problems after divorce if the person later tries to qualify for a new mortgage.

Categories

Recent Posts

Mortgage rates climb to highest level in over 14 months
Mortgage rates climb to highest level in over 14 months
Building a lasting customer pipeline with open houses
Building a lasting customer pipeline with open houses
Turn online attention into real business
Turn online attention into real business
30yr Fixed Rates Jump to 7.07%
30yr Fixed Rates Jump to 7.07%
Agents can ease brokerage changes by setting priorities
Agents can ease brokerage changes by setting priorities
Baby boomers’ cash advantage strengthens offers
Baby boomers’ cash advantage strengthens offers
Florida Realtors launches Vote Yes on 3 campaign
Florida Realtors launches Vote Yes on 3 campaign
Mortgage Rates Jump After New Treasury Buyback Announcement
Mortgage Rates Jump After New Treasury Buyback Announcement
Real estate success starts with daily discipline
Real estate success starts with daily discipline
Manufacturing growth could shape housing demand
Manufacturing growth could shape housing demand

Share on Social Media

Philip Cauley
Philip Cauley

Agent License ID: SL3640763

+1(407) 489-6774 | philip@cauleygroup.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Real Broker, LLC, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.