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View Full Version : Transferring ownership from two owners to one?


JJHeezy
Mar 28, 2007, 09:09 AM
Hope my title was clear enough. Marriage is on the last leg and my wife and I have a house with both of our names and I would like to know the steps in which I transfer all ownership directly to her? We currently have a interest only mortgage (hard money I think) which is only in her name. Both of our names are on the deed. That should cover the entire situation. I read the other questions just didn't see anything like this. Thank you

Fr_Chuck
Mar 28, 2007, 10:02 AM
If just her name is on the mortagage and you are not a co-signer on the loan or listed on the loan in any form, then it should be as easy as a quit-claim deed to her.

It is much harder if both are on the mortgage, since you would have to refiance in just the one name

starwarsgal
Mar 28, 2007, 03:25 PM
If your wife is the ONLY one on the loan and you are simply a vested spouse on title, this is simple. You can request a "quit claim deed" in which you give her full vested interest of the house.
I have been in the mortgage business for years, check and see if your previous title/escrow company can generate a quit claim deed for you.
This is a legal document and it needs to be recorded through the county.
Hope this helps.
If you need any assistance with your mortgage or have questions, let me know.