Legal Question in Real Estate Law in Ohio
My daughter and her fiancee have broken up and they own a house together. He can afford legal advice and she cannot, and I can't help her as I'm on S.S. His uncle is a Real Estate Lawyer and wants her to sign a Quitclaim Deed. I told her no because it will not release her from the mortgage payment, only her personal interest in the house. She has paid half of the mortgage all year and I feel she should get something back on her taxes next year. Am I correct in thinking this way? I do not trust the uncle because the whole family is angry with her right now. Any help would be appreciated. Thank you.
1 Answer from Attorneys
If your daughter signs a quit claim deed she will no longer have any control over the property but will still have liability under the note and mortgage. If the fiancee wants to keep the house then he needs to refiance and remove your daughter from the mortgage.