Posted by ericashaw on 11/27/06 2:07pm
Msg #162288

QC Deed

I am in missouri and it is a marital rights state. I signed a refi Friday night with a non-borrowing spouse so they only have to sign the deed and a few other things and now I have to go back and get a QC deed signed tonight. What is this releasing her from? I thought whe was entitled to the house no matter what? This is the second one of these this month I have had to do so I was just curious. I thought she got half the house not matter what happened.

Reply by PJM/MI on 11/27/06 2:34pm
Msg #162295

Check your state laws, but I believe that by he/she signing the QCD they are stating they no longer want a vested interested in the property. Also, a vested interested does NOT mean that a person gets "half" of the house. That would be up to a judge at a divorce hearing to decide. (I am also in a martial law state, and I got the entire property at my divorce hearing).
A QCD could also mean that one borrower owned the property PRIOR to a marriage and is now taking the property from a single male/female and adding a spouse.
If I am wrong, please someone correct me.

Reply by ericashaw on 11/27/06 4:24pm
Msg #162316

You are probably right they were just married and he owned the house prior to them being married. Thanks