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Non Compos Mentis
Join Date: May 2001
Location: Off the grid- Almost
Posts: 10,634
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If they own the home free and clear, and she can qualify for a 50% LTV mortgage, he signs a quit-claim deed and takes the cash. Done.
If there is currently a mortgage, same, except she needs to qualify for a larger loan to cover the outstanding amount, plus 1/2 the equity.
He signs a quit-claim deed and has a check for his half the equity.
If she cannot quilify for a loan on her own, the house may have to be sold.
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