If my husband and I are separated and he wants me to sign a quitclaim deed for his loan modification, should I?

I will sign if there are no negative consequences.

Asked on December 13, 2011 under Real Estate Law, California

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Whether or not there will be no negative consequences if you give your husband a quitclaim deed to a piece of property you own (and will no longer own due to the quit claim) depends upon numerous factors such as if you remain or no longer remain on the loan to the property.

Most likely a loan modification will be a benefit to you and your husband in that the monthly payments would be lowered on the home and possibly the principal balance. Before you sign anything, you should first consult with a real estate attorney about the situation you are writing about.


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