Is there a way to get my name off of a deed. The loan was in my husband's name and my name was only on the deed. I have good cre

To remove one's name from the deed of the property can be accomplished by a quit-claim deed. However, if the home has already been foreclosed then the sheriffs deed will have already transferred ownership. Even though you were not on the loan (i.e. will not show up on your personal credit report) the foreclosure will be discovered if you filed federal tax returns jointly as a married couple as the home would be reported on Schedule E. Unfortunately, it is not as easy as just removing yourself from title to be eligible to purchase. Happy Lent!

Since the home was already foreclosed, you cannot go back and remove your name from the deed.. it's already been removed by the trustee's or sheriff's deed transferring the property back to the lender.. You needed to remove your name BEFORE the foreclosure took place.. So because you were on the deed when it foreclosed, new lender will know you lived in a home that resulted in a foreclosure.. Although guidelines don't necessarily address this scenario, most underwriters are very familiar with it, and it will make it very difficult for you to get a loan... when you apply for a loan, you have to list your residency for the last 2 years. If you lived in the home that foreclosed in the last 2 years you will have to list that address.. The application also asks if you rented or if you owned.. You would have to mark OWNED since you were on the title.. When the lender sees that there is no mortgage associated with this property on your credit report they will question why, and you will have to explain.. you have to tell the truth, otherwise it's loan fraud, and if you do tell the truth, you're going to get a decline... if however the foreclosure was 2 years or more in the past, then you'll probably be ok... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

The last time I looked, Indiana was NOT a community property state, so I would have to disagree with William here. If your name is not on the note, you cannot be held accountable for the debt. If the party that was responsible for the debt did not make the payments and the lender did take the collateral (foreclosed), that should not be held against you. Granted, some lenders will. Make sure you explain clearly that you were not on the loan, had no control of the borrower's decision to pay/not pay. There are lenders out there that will accept your explanation and make you a loan. Keep searching and good luck to you. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Good Morning! Having your name on Title for a property that was foreclosed should not be relevant to getting approved to purchase a home as long as that mortgage note was not in your name, therefore reporting on your credit as a foreclosure! I can help if you'd like as I concentrate in purchase business! Enjoy the day!

All you have to do is file a Quick Claim Deed removing you. Call me for more information. 517-489-2440Thanks,Gus Dahlgren

Adding or subtracting a name from title is easy. Subtracting a name from a mortgage loan is near impossible without refinancing. If your name was not on the mortgage, you have nothing to worry about.

A quick claim deed is the fasted way to remove your name - wait for the deed change to be recorded and you should have no issues. www. HOMEMORTGAGEXPERT.com Peter Savino

Former Hoosier here, just contact a local title company and they can help you for a nominal fee. If the property was foreclosed on, your name may not longer be there because the property is likely now in the bank's name.

As long as your name is not on mortgage you should have no problems buying a home. If the property has gone thru the foreclosure process your name should already be off the deed and replaced with the Bank name the completed foreclosure.

It will not be an issue if it does not show on your credit report. If it shows as a mortgage judgment on the credit report, you will need to obtain copies of the recorded documents. I will help you obtain these at little or no cost, with the help of Eagle Land Title in Indianapolis, a fine company to work with.

You shouldnt have a problem but may need to explain a bit when the new loan application gets to the point of searches. Best Of Luck.