Legal Question in Real Estate Law in Texas

Re: transfer a deed

You can deed each other your undivided interest in the homes. However, this will not relieve the non-owning debtor of liability on the loan. You may want to consult an attorney to protect your respective interests.

Re: transfer a deed

You can use a special warranty deed to each other (one per home) to transfer ownership. You will also need permission from the bank, as most banks have a "due on sale" clause which will cause the mortgage to be accelerated if they don't give advance written permission for the transfer. The spouse getting the house with the mortgage should need to refinance the property in order to get the other spouse off of the note. Don't do this yourself. It's not expensive to have an attorney and title company do this properly.