Legal Question in Real Estate Law in Washington
I was never married to the other title holder on my house.
The house is $33,000 behind in payments.
He wants to sign a QuitClaim.
Can I then qualify to get my payments lowered using only my income even though he is financially responsible but he will not be on the title.
Asked on 11/12/09, 2:53 pm
1 Answer from Attorneys
Christopher Steuart
IT Forensics, Inc.
Financing and title are two separate issues. He can quit claim it to you. Whether you can finance it is another matter you would have to have the income to support financing the property. You may encounter another problem if he quit claims it to you in the form of real estate excise taxes and also you may want to review the income tax implications of receiving the property.
Answered on 11/17/09, 5:26 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
