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getting ex-wife name off the loan

Posted on: 21st Jul, 2009 04:56 pm
how can I get my ex -wife name off the mortgage loan. In the divoice, ageement she has signed all rights of the house over to me. We had the house refinanced 1yr and 1/2 ago. I make and is responsible for all taxes, mortgages payments
Hi mwatlington,

If your wife has given up all her rights in the property, she is no longer responsible for the house. However, she is still responsible for the loan, in case the loan was refinanced in her name. If you want to get her name off the mortgage, you need to refinance it in your name.
Posted on: 22nd Jul, 2009 12:11 am
you have to refinance the loan on your own name.
if she has signed all the documents you have no problem only loan is what she is responsible for. but if you want to be safe refinance on your name their is no problem
Posted on: 22nd Jul, 2009 06:21 am
my twin sister & I bought our house a little over 2 years ago. She recently got engaged, now wants to move out/buy a house with her fiance. The problem is that our house is worth less than what we had oringinally bought it for. Is there any way of getting her off the mortgage without having to refinance?? I know that if we try to refinance it will cost a large amt of money.
Posted on: 24th Jul, 2009 05:23 am
Hi Lauren,

Lenders always prefer refinancing when you want to remove a person from the mortgage doc. You can check out if you lender approves the option of novation so that you can remove your sister's name from the mortgage.

Thanks
Posted on: 24th Jul, 2009 10:03 pm
Novation is a process which helps to transfer the liability of a mortgage from the original borrower to the new borrower under the approval of your lender
Posted on: 25th Jul, 2009 07:11 am
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