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    JRATL's Avatar
    JRATL Posts: 1, Reputation: 1
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    #1

    Oct 18, 2010, 05:28 PM
    My wife and I are on deed. Pay it off and put wife on deep alone and refinance?
    My credit is bad. My wife and I are on our house deed. Have cash to pay off house but need to get a loan. Can we pay the loan off then I quick claim it to her and she go and refinance the deed.

    Can I do that or does the deed stay with my name on it?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Oct 18, 2010, 05:36 PM

    Why aren't you considering using the cash for whatever purpose you need the loan - ?

    I would not go into this without an Attorney.

    Are you POSITIVE that your wife qualifies for a mortgage by herself (after you quit claim to her)?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Oct 18, 2010, 06:13 PM

    Yes, why do you need to refi if you have cash in the bank?

    And why are you wanting to do it just in her name ( beyond credit)

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