Can ex wife assume original loan?

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Can ex wife assume original loan?

jerry

Posted on: 04th Oct, 2010 08:42 am

ex wife was to refinance house after divorce. recently found that she did a loan assumption and i am still the secondary on the loan, and still responsible after 12 years. is there anything i can do at this point?

Total Reply : 1

Hi rldelay,

After your wife did a loan assumption, you shouldn't be held responsible for the mortgage payments. A loan assumption will help your wife to transfer the mortgage solely in her name. In my opinion, you should check out the loan docs properly to find out whether or not your name is mentioned on the loan docs.

Thanks,

Jerry

jerry

Posted on: 05th Oct, 2010 03:30 am

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