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Ask Dave

Divorce Coming Up...Co-Sign For My Ex?

Kevin wants to do something nice, but he will make a serious of HUGE mistakes in the process.

QUESTION: Kevin wants to know if a man going through a divorce should cosign on his soon-to-be ex-wife’s condominium property and do a quit-claim deed after the divorce is final.

ANSWER: A quit claim deed will not keep him from being liable for the note on the condos.  There is absolutely no way he should do this.