Legal Question in Real Estate Law in Pennsylvania
mortgage and ex wife
I signed a quit claim for my ex-wife in 2006. I'm still on the note---I know---I know......The property settlement gave her the house. no alimony no nothing. she is running late on her payments which will ruin my credit. Can I inform the bank that I have no intention of paying and surrender my portion forcing them call the note or make her requalify? She also never notified the bank after she got me off the deed which is a covenant of note--''notification''..
1 Answer from Attorneys
Re: mortgage and ex wife
If your ex wife filed the quitclaim deed (check on that) then you have no interest in the property. A quitclaim deed say I renounce what ever claim I had on this property if indeed I had a claim.
The best you can do is inform the bank that you have no interest in the property. Which might not be in your best interests.
Now your lawyer should have language in the settlement agreement that she had x months to refinance without you involved or the court could order the house sold.
If you have any questions feel free to contact me. The initial consultation is free.
{John}
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