i went thur a divorce and on my mortage .i would like to get out of it and let my ex have complet control of it and have mu name taking off how can i do this
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Read More Answered By: Rian Ankerholz |
This issue is often covered in the divorce paperwork itself. Check to see if the paperwork requires your former spouse to have your name removed from the mortgage. Normally, this must be done through refinancing. If your former spouse does not qualify for refinancing based on her own income, check to see if she has listed any spousal maintenance as income, if the same is being paid. Once in a great while, the mortgage company will grant something called a novation, which is a release of one party without refinancing, but that is rare. |
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