I need to do a quit claim deed from my co-borrower on my mortgage to me.
I have found a ton of examples on-line, so I think I can prepare it myself. I have already talked to the court house and I know I can file it myself.
But - I would very much love to hear some advice from someone who has done this on their own.
Have you done one yourself?
Was it accepted?
Do you have a sample you would like to share with me?
Thanks!!!!!
I dont have a sample, but i was put on a deed back in 02. we got the forms notarized and then filed. pretty simple. you do know that the co-borrower will still be responsible for the mortgage right?
Does the co-borrower know they are still held responsible on the loan (their name isn't removed)?
For me, I just ask how much is the prevention versus how much the medicine costs.
Here - the prevention of paying someone is likely $100 or less.
Hiring a property rights attorney to file more paperwork to unf#$k a typo when you go to sell the house and find out that you can't, and co-borrower isn't available to sign - I'd guess a few thousand.
Around here you can pull the form off the recorder of deeds website and have them signed and notarized.
Personally I always have my attorney draw them up and file them, well worth the fifty dollars he charges.
Is the co-borrower married? If so attach an acknowledgement from the spouse. Even if the spouse was not mentioned on the original loan documents. While it may not be required from the recorder of deeds, it could affect future title policies.
You need to verify you will not be in default of your loan agreement by removing the co-borrower from title.
I prepare them all the time. If you are still in need of help, PM me
Just download one from the internet OR you can go to the courthouse & ask for a blank one, it's just a one page paper. Since you are going to do it yourself, make a copy & have it notarized.
I never signed one but EVERYTIME my mom was late on her mortgage the creep that held her mortgage sent her one! I am talking less than 7 days! She finally refinanced with a reputable lending corporation.
Good luck!
