In your situation, transferring the deed to your wife by quitclaim (or other) deed will make her the owner of the property, but it will NOT take your name off the mortgages. When you signed the mortgage documents, you entered into a contract between you and the bank/lender. Only that lender/bank can remove you from a mortgage. Normally, the only method of having your name removed would be for your wife to refinance the home and have the new mortgage placed solely in her name.
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