Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

6
Posts
0
Votes
Amy Veldkamp
  • Schererville, IN
0
Votes |
6
Posts

How to remove name from mortgage loan!

Amy Veldkamp
  • Schererville, IN
Posted

My ex and I divorced back in 2012 and I did a Quit Claim Deed leaving him the house. My name is still on the loan tho. He recently passed away and the new girlfriend is going to stay in the house and said she would make the mortgage payments. My question is how can I get my name removed from the loan in case she decides to quit making payments? I have my own home and a new life now and just want to put this part of my past behind me. Any suggestions are welcome.

Most Popular Reply

User Stats

10,252
Posts
16,109
Votes
Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,109
Votes |
10,252
Posts
Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

@Randy E. - as far as I know, a quitclaim deed will release your ownership interest only.  It won't change responsibilities of the named borrower.   All the financial liability - no ownership! 

It's common in divorces and sad to see the poor ex that got the terrible advice to give up their ownership without first getting off of the loan through a proper refinance.

Loading replies...