Can a spouse remove their name from the deed?

It will not matter if your name is on the deed, since it was added to the deed after the home was mortgaged. Be careful- If a spouse’s name is added to or removed from the deed after the note and mortgage is signed by your spouse, it may trigger a “due on transfer” clause.

What happens if your name is not on the title deed?

If you are married and your name is not on the title deed, you may have relinquished your ownership right. It depends on when your spouse acquired the property and where you live. In California, all property bought during the marriage with income that was earned during the marriage is deemed “community property.”.

What happens if you are married and the House is not in Your Name?

If you are married and your name is not on the title deed, you may have relinquished your ownership right. It depends on when your spouse acquired the property and where you live. In California,…

What happens if one spouse sign the deed but not the mortgage?

Most mortgage companies will not grant a mortgage to only one spouse if the deed is already in both names. The mortgage company will not want to deal with problems in getting their money back if your spouse defaults on the loan. The lender will most likely want all the owners sign the mortgage or they will not give the loan to any of the owners.

When did my mother put my name on the deed?

My mother put my name and my sister’s on her house deed several years ago so that we could take possession upon her death. She died in Feb. 2016 and we sold the house 4 months later after painting, new hot water heater and other improvements. How do we declare on our taxes? Browse Discuss Discover Community Basics

It will not matter if your name is on the deed, since it was added to the deed after the home was mortgaged. Be careful- If a spouse’s name is added to or removed from the deed after the note and mortgage is signed by your spouse, it may trigger a “due on transfer” clause.

Can a person be on the mortgage but not on the deed?

Yes, you can be on the deeds of the home but not on the mortgage but most mortgage lenders won’t agree to this. What happens if you are married & The House is not in your name?

If you are married and your name is not on the title deed, you may have relinquished your ownership right. It depends on when your spouse acquired the property and where you live. In California,…