Willexecuting a quit claim deed help me refinance a home without having to wait 90 day for divorce paperwork or is there another option?
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Willexecuting a quit claim deed help me refinance a home without having to wait 90 day for divorce paperwork or is there another option?
Asked on June 2, 2012 under Family Law, Washington
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
A quit claim deed is a release of any and all rights that a person may have in real property. Refinancing a loan is completely different than dealing with ownership interests in real property. It deals with the ability to qualify for a new loan by the title owner of the property at issue.
In your situation, given the general question that you have written about, I suggest that you consult with a real estate attorney further about your question as well as a mortgage broker concerning the desired loan.
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