Legal Question in Family Law in Ohio
Title of property after a disolusion
I have just recently got a disolusion and the house was awarded to me. My ex filed a quit deed claim at the courthouse, however, his name is still on the loan. If I ever sell the house he gets half, I believe, but I don't plan on doing so.
Quest #1. Is he considered part owner of the home since he is still on the loan? Will it count toward his credit, etc. even though I am making the payments?
Quest #2. Do I need to keep his name on the homeowners ins. policy?
Quest #3. If he or I get sewed will it fall back on the other?
Thank you for your help.
1 Answer from Attorneys
Re: Title of property after a disolusion
You are the owner of the property and you can rfinance the property, but the bank may require his signature. The filing of a quit claim deed gets his name off of the title. Just because his name is on the mortgage does not affect your credit. If, however, you do not make the mortgage payment it will affect his credit.
The only way to get his name completely off is to refinance.
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