Posted on: 24th Mar, 2008 02:36 pm
my divorce is final, my wife has let the note get behind and the bank wont let me refinance and she doesnt have a job. she wants to keep the house and i just want my name off the loan. i have tried to convince her to sign the house over to me but wont. is there anyway to get my name or her name off the loan and mortgage without refinancing?
hi tim,
welcome to the forum.
other than refinancing there is another way by which your name can be removed from the mortgage. this is called novation. but lenders don't always agree for novation. talk to your lender asap and see if he allows your wife for novation.
feel free to ask if you have any further questions.
best of luck,
larry
welcome to the forum.
other than refinancing there is another way by which your name can be removed from the mortgage. this is called novation. but lenders don't always agree for novation. talk to your lender asap and see if he allows your wife for novation.
feel free to ask if you have any further questions.
best of luck,
larry
Hi,
The lender is not allowing you to refinance because you have not yet been able to remove the ex-spouse from the title. Now, if you wish to remove you name from the loan, either you refinance it in your name or else you do a novation and transfer it to your wife.
Know more on this issue from a previous discussion on How to remove name from title and mortgage .
Take Care
The lender is not allowing you to refinance because you have not yet been able to remove the ex-spouse from the title. Now, if you wish to remove you name from the loan, either you refinance it in your name or else you do a novation and transfer it to your wife.
Know more on this issue from a previous discussion on How to remove name from title and mortgage .
Take Care