Posted on: 23rd Sep, 2009 10:21 am
Can a divorce judge order a bank (mortgage holder) to remove one party from the loan, if a quick claim deed was ordered giving the other partner title of home?
hi diana,
i don't think the divorce judge can order a bank to remove one party from the loan. the judge can order one of the parties to quitclaim the property to the other party. but if that particular party wants to remove his/her name from the loan, the other party will have to refinance the loan. the judge can order the other party to refinance the loan within a certain amount of time. but as far as i know, he cannot force the lender to take one party off the mortgage agreement without a refinance.
i don't think the divorce judge can order a bank to remove one party from the loan. the judge can order one of the parties to quitclaim the property to the other party. but if that particular party wants to remove his/her name from the loan, the other party will have to refinance the loan. the judge can order the other party to refinance the loan within a certain amount of time. but as far as i know, he cannot force the lender to take one party off the mortgage agreement without a refinance.
nope judeg cannot do that
bank got nothign to do with your divorce and they gave you money based on certian conditiosn and they want ou to pay agreed
so only way to remove the name of the mortgage woudl eb to refiance the loan in one persons name and the other person gives quit claim deed
bank got nothign to do with your divorce and they gave you money based on certian conditiosn and they want ou to pay agreed
so only way to remove the name of the mortgage woudl eb to refiance the loan in one persons name and the other person gives quit claim deed