- This topic has 4 replies, 2 voices, and was last updated 8 years, 11 months ago by Anonymous.
- May 13, 2011 at 9:13 pm #209522AnonymousInactive
I have good credit and im in the market for a business credit card. What company offers the best rates, offers, cash back programs ect? Please give me some ideas on programs i should look into from the major cards like, AE, Discover, MC, and Visa.
- June 20, 2011 at 5:24 pm #443181AnonymousInactive
I think that you really need to sit down with a lawyer (real estate) and see all your options. This is very hard.
- June 20, 2011 at 5:37 pm #443182AnonymousInactive
Only if you are a fool and your name is still on the mortgage that can still be YOUR responsibility.
- June 20, 2011 at 6:06 pm #443183AnonymousInactive
Are there any mortgages on the property for which you are responsible? Is there any equity in the property?
If the former, then quitclaiming will not absolve your responsibility for the mortgage payments. If there is equity, then you will be giving that equity to your ex when you sign the quitclaim.
I suggest sitting down with a property attorney. At the very least, you will want to negotiate a fair price with your ex in exchange for the quitclaim.
- June 20, 2011 at 6:14 pm #443184AnonymousInactive
Time to ask a lawyer. That HELOC business doesn’t sound right because he can’t pledge your property as security on a loan to himself.
You can quit claim the property to another owner but you can not escape the financial responsibility for the property. It was a dumb thing to do to ‘fixup the property extensively’ without some sort of definite agreement in place. Signing a quit claim deed would be an even dumber thing to do.
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