Posted on: 16th Jul, 2009 11:24 pm
my husband signed a quit claim deed of his house to his ex-wife when they divorced. we have not been able to buy a house ourselves due to the mortgage still being in his name. she now is talking about refinancing the loan to another 20 year term, even though there is only 3 1/2 years left on the current mortgage. wells-fargo will not let her assume the loan because she makes too little money, has no assets and filed bankruptcy 2 years ago. will my husband and i ever be able to buy a house together or how can we be rid of this situation so that we can stop paying $800 a month in rent when it should be going towards a house payment?
let her go ahead for refinance mortgage in her name. then, you can apply for new mortgage
good answer Robertsmith
They wont let her refinance in her name because she only works p/t at $8/hr and has a bankruptcy 2 years ago. The loan would stay in my husbands name.