Are you trying to quit claim your interest to the remaining owner? What sort of responsiblity are you trying to get rid of?
Yes! I am trying to free myself from all responsibility concerning this property, including mortgage, home improvement loan payment, etc. I wish to completely unencumbered with responsibility for this property.
I have some good news and some bad news. Providing your partner agrees, you can deed the property to him. This will take your name off the public record and you will not be responsible for taxes, utilities and other expenses. However, you will not be releived from the mortgage. In order to remove your name from the mortgage, your partner would actually have to do a refinance. The quit claim will not take your name off the mortgage.
Is there any other legal method to remove one from all responsibility including mortgage payment from the ownership of this property?
Unfortunately no. A lender will not remove your name, even if you quit claim (look at it from their prospective - they approved both partners, why would they releaes one?). The only way is to take out a new mortgage. The deed is a good start, but it wont get you out of the mortgage.
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