Q: Would I be entitled to any profits after signing a quit claim deed? If both spouses do not agree on the settlement of assets and debts, then the court will decide on an equitable division. How do I go about getting my spouse's name off of the deed to the house?Ī: If both spouses agree to the terms of a divorce settlement, a quitclaim deed is the fastest, easiest and least expensive way to remove your spouse's name from the deed to the property. My Father is getting a reverse mortgage on his home, to get a lump sum, to pay-off my mortgage in full. We own a home together and both our names are on the deed itself and the mortgage. My spouse just stated that he wants a divorce. Q: When do I get my spouses' name off the house deed and mortgage? The portion of the property that each of you would get depends upon state law and on other evidence presented to the court regarding your financial situation.
How would the judge decide to divide the equity in my home if I were to divorce?Ī: Any property that was purchased during marriage is considered community or marital property. I have always been the main provider for the family, but am worried that in the divorce settlement he will be able to sue for half of the equity in my house.
My spouse quit claimed the house to me in order to get it mortgaged since he was not employed at the time. Q: Is my spouse entitled to any equity if he quit claimed the home to me? This can only mean that you have the sole responsibility of paying the mortgage and yet he co-owns the house with you. What can I do?Ī: It is unusual to have both your names both on the deed and yet only your name on the mortgage. The mortgage for our house was originated in my name only to get a better interest rate, but both our names are listed on the deed. Q: When do I get my spouse's name off the deed and mortgage? You are still responsible to pay for all the joint debts regardless of the division of property during your divorce. It has no effect on the debts or loan obligations of both husband and wife. Am I still liable for this debt, or did the quitclaim deed release my responsibility?Ī: A quitclaim deeds affects only how the property is titled. My ex has failed to meet his financial obligations and the mortgage company is pursuing me. We held equity loans on two separate properties and during our divorce, each property was signed off to its respective owner using a quitclaim deed. Q: Will a quitclaim deed release me from the mortgage obligation? We advise you to consult an attorney if you have any legal questions.A quitclaim deeds affects only how the property is titled. answer questions about the legal consequences of instruments filed.provide instructions on drafting or completing forms.NC General Statutes prohibit the Register of Deeds or the staff from practicing law. The Register of Deeds acts as a recording office only. NC General Statute 66-68 requires that "before any person or partnership engages in business in any county in this State under an assumed name or under any designation, name or style other than the real name of the owner or owners thereof, before any limited partnership engaged in business in any county in this State other than under the name set out in the Certificate filed with the Office of the Secretary of State or before a corporation engages in business in any county other than under its corporate name, such person, partnership, limited partnership, or corporation must file in the office of the register of deeds of such county a certificate" Doing Business with the County Sub-menu.Planning and Zoning Commission Meetings.Rowan-Cabarrus Community College Trustees.Nursing Home Community Advisory Committee.Mount Pleasant Planning and Adjustment Board.Industrial Facilities and Pollution Control Financing.Home and Community Care Block Grant Advisory.Early Childhood Task Force Advisory Board.Adult Care Home Community Advisory Committee.Upcoming Meetings of the Board of Commissioners.Early Childhood Education and Development.
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