Posted on: 01st Apr, 2010 06:21 pm
my mother had to be put in a nursing home. i have no funding for it so were trying to qualify her in the hard ship program. this won't go through with her name on the mortgage with mine. i can't refinance to remove it as i don't have a job. i can still make the monthly mortgage payments, but can't file a novation for the same reasons of unemployement. what can i do to remove her name from the morgage?
Hi mmhendrick,
You will be able to remove her name either through refinance or through a novation. As you are unemployed it won't be possible for you to go for any one of these options. Thus, you won't be able transfer the mortgage in your name if you do not meet the required criteria of the lender.
Thanks
You will be able to remove her name either through refinance or through a novation. As you are unemployed it won't be possible for you to go for any one of these options. Thus, you won't be able transfer the mortgage in your name if you do not meet the required criteria of the lender.
Thanks
Can I remove her name in a loan modification?
Or a "Qualifying Name Delete Assumption"?