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Unmarried Couple, jointly shares a bank account and owns a home (both deed & mortgage), wants to break up, one party okay with handing house over to other party without wanting money but just wants to be off the deed & mortgage, how do they proceed? How is this accomplished?
The transfer of ownership could be as easy as a Quit Claim Deed. However, getting released from the debt obligation will require the agreement of the lender. This is not an unusual issue, but it is more complicated than most people expect. I recommend having a conversation with one of our attorneys.
The foregoing information is general information only and should not be relied upon to take, or fail to take, legal action. No attorney-client relationship is formed by this information. __The only manner to obtain complete and adequate legal advice is to consult with an attorney.__
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DisclaimerThe response posted is based upon the information made available and is not intended as a full and complete response to the question. The only manner to obtain complete and adequate legal advice is to consult with an attorney. No Q&A posting or other communication will be treated as confidential from this website and does not create an attorney-client relationship.