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Mortgage vs Note

This is a discussion on Mortgage vs Note within the Mortgage Talk forums, part of our Mortgage Chat category; I'm confused. I'm signing a Quit Claim deed on this property over to my wife. I am on ...




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Old May 2nd, 2008, 03:49 PM   #1
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Join Date: Apr 2008
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Default Mortgage vs Note

I'm confused. I'm signing a Quit Claim deed on this property over to my wife. I am on the mortgage papers. But I'm not on the note (promissory note). She used her credit only when she refinanced. The mortgage does not show up on my credit, but my name shows up on the property taxes.I only signed a few papers @ closing. If I'm on the mortgage papers, on the deed, But NOT on the note, am I liable for this mortgage once I quit claim it over to her?
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