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Removal of Co-Signer on Home Loan

Posted on: 22nd Jun, 2010 04:24 pm
Chase Mortgage - Divorce and wife got house in property settlement. Judge ordered wife to have husband's name off mortgage within 30 days. How can wife have husband's name off mortgage with Chase Mortgage?
she will have to refinance it and qualify all on her own. hopefully she has the income, credit score and equity to do so, otherwise there is no court order that can make this happen.
Posted on: 22nd Jun, 2010 04:30 pm
So, her attorney stating that all I need to do is have a piece of paper notorized stating I have no interest in the house and a copy of the property settlement means absolutely nothing...this is great, just great!!! Thanks for your help...I almost messed up!
Posted on: 22nd Jun, 2010 05:31 pm
If you quit claim, you will only remove yourself from ownership but not from the responsibility of the debt. You will have no claim to ownership but all the responsibility to pay for it. I would not sign the quit claim until the refinance took place; but that's just my opinion and should not be considered legal advice.
Posted on: 22nd Jun, 2010 05:49 pm
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