Can i sign my house over to my wife in a seperation and what laws r involved?
Posted in the Alberta Forum
#1 Nov 27, 2013
Can i sign my house over to my wife in a seperation and what laws r involved?BE WARNED: What they don't tell you about the Quick Claim Deed is, yes it signs the house over to your spouse, but it is still legally binding and will be on your credit report as in your name also. If she lets the house go into arrears, they can and will go after you for the payments and any bad credit will show up on your credit report regardless. You are only signing away your "interests" in the house by a Quick Claim Deed.
The only way is to have her refinance the house into her name alone and/or sell it to be free and clear.
#2 Nov 27, 2013
This site can help you finding the best option for you:@www.credit-solutions.info
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