Legal Question in Real Estate Law in Ohio

quick-claim deed

I have a quick claim deed with my ex-wife and her husband and iam having my mortage revised with my proptery tax and insurance included. the mortage coumpany wants them too signe this revised version what i like too know would this hold them liable if i default


Asked on 1/31/07, 6:26 pm

1 Answer from Attorneys
Robert Rosplock Rosplock & Perez

Re: quick-claim deed

All persons signing a mortgage note are liable to repay the note. You will not be able to get a mortgaage loan without all title holders at least signing the mortgage deed. If you can find a loan with only you signing the note, only you will owe the note but the others can lose their interest in the property in a foreclosure if you don't pay.

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Answered on 2/01/07, 8:48 am


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