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Paula Waterman of Castle Rock Mediation and Chris Waterman, the Denver Mortgage Guy, discuss the differences between removing someone from the mortgage and the title of a property. During a divorce, one person may want to keep the house while the other wants to leave. To achieve this, you must remove them from both the mortgage and the title. A common misconception is that a quit claim deed will solve everything, but it only removes a person from the title, not the mortgage. Title indicates ownership of the property.
