All Forum Posts by: Jordan Jones

exactly, my concern is that this hypothetically is being done to avoid the higher rate as an investment or secondary home. Once they sign the occupancy affidavit, this could be mortgage fraud, but also it is difficult to follow-up on this and you don't really want to force a foreclosure if that is the case

Without a divorce, legal separation agreement, or child support order etc, a husband will buy the wife off the mortgage, have her sign a quitclaim deed on the property. She now has no ownership interest, is not listed on the mortgage, title, or deed. Is she legally able to buy another property as her primary residence even though she is still married? Under what grounds could she legally be denied this mortgage? I feel like more people would do this if it was this easy.