Posted on: 04th Jan, 2010 09:05 am
I need to get my ex husbands name off of my house. I am behind on my mortgage and want to keep his credit from being affected. What is the best way to do this?
well, of course, it's already been affected, but that's water over the dam, right?
the only way in which to eliminate a borrower from a mortgage debt is by paying off the loan. you'd have to refinance (difficult, and likely impossible, since you're late with payments at this time).
the only other options are would be a sale of the home; having enough to catch up on payments and then waiting until you are able to refinance and put the home solely in your name.
as i said, it's not easy.
the only way in which to eliminate a borrower from a mortgage debt is by paying off the loan. you'd have to refinance (difficult, and likely impossible, since you're late with payments at this time).
the only other options are would be a sale of the home; having enough to catch up on payments and then waiting until you are able to refinance and put the home solely in your name.
as i said, it's not easy.