Posted on: 05th Sep, 2009 09:19 am
My friend made a loan to purchase a house with his x-wife. The marriage settlement states that she got the house and she is solely responsible to pay for it. What does my friend need to do to remove his name from the loan and not be held accountable. Please advise.
Thank you
Thank you
measme,
welcome to the forum.
she can refinance the mortgage. it will remove his name from mortgage. ensure that he is transfering ownership right to her by signing quit claim deed in her favour immediately.
welcome to the forum.
she can refinance the mortgage. it will remove his name from mortgage. ensure that he is transfering ownership right to her by signing quit claim deed in her favour immediately.