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Divorce Issues/taking name off mortgage

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Expert: Rebecca - 10/6/2009


Question
My friend has been divorced now for almost 3 months and still lives with his ex wife. He's more than ready to move out and let her keep the house. The problem is, he wants his name completely off so he isn't held liable for a house he no longer lives in. Her credit isn't good enough for her to buy him out and there seems like there isn't anything left for him to do!  What options does he have?

Answer
Hello Ashley,
He needs to sign a 'Quick Claim deed', meaning she keeps the house his name is taken off the mortgage and she is now solely responsible. She needs to find someone to co-buy the home with her,someone that has good credit. or else sell the home.
Becca

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Rebecca

Expertise

Life happens, If your mind is in a mix up I can help you sort your worries and organize your life priorities systematically. Giving you Non-judgemental answers providing you with a honest answer,I also assist in locating information that may guide you in the right direction. Helping you obtain your goals before, during and after divorce. Physical and mental abuse is an area I am also familiar with, helping you with details and steps to get you the support you need.

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25 yrs of experience with physical and mental abusers and their cycles. Assist with the preparations of divorce documents and procedures. Child development; non-healthy relationships and the affects they have on children.

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Advisor and mentor for at risk families Accreditation/Certification,Child developement Personal Experience

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