Hi ... I can only tell you what Florida Law holds in connection with your question. But I also venture to speculate that Kentucky Law is going to be similar to that of Florida's. I would advise you to also consult with a local attorney with respect to this question. Having said that, essentially, if you and your wife both signed the Note, then, you are both going to be held responsible for its repayment regardless of who actually owns the house. Think of it as a credit card. If you both signed on the card as joint account holders, the bank will come after both of you even though only one of you uses the card. Quit claiming the home in this case will probably not help your wife. In order for you to be sure that she is on the Note, I encourage you to check your loan documents and look for the Note (not the mortgage). If you can't find the Note copy, then, check your mortgage statement. Often, the monthly mortgage bill has the names of all people who are on the Note. If you are both on there, then this means you are both on the Note and it also means that you will both be pursued by the lender regardless of whether or not you quit claim it to her.
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