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Paula Waterman and Chris Waterman from Castle Rock Mediation and Denver Mortgage Guy discuss the difference between taking someone off the mortgage and the title of a property, especially in the context of divorce. Simply filing a quit claim deed does not remove them from the mortgage, as the mortgage and title are two separate entities. Title signifies ownership of the property, while the mortgage deals with the financial obligation. Be sure to understand the distinction and take the necessary steps to remove someone from both the mortgage and title when needed.