Re: Mortgage/Lien/Divorce Question

It is possible for her to refinance in a way that removes your husband's name on the mortgage and pays him the $30,000. The bank needs to record a satisfaction of mortgage or release of mortgage (either will work for your husband's sake) that refers to the mortgage that has his name on it. More importantly, the bank also needs to either give him a copy of the mortgage note marked paid or cancelled. He will, appropriately, be asked to sign a release of his lien on the property and be given a check for the appropriate amount. All this should occur at the same time at a closing, and the check should be either a cashiers check or certified.

You can e-mail me directly with any further questions at

svatndal@hickorytech.net

Re: Mortgage/Lien/Divorce Question

It is possible for her to refinance in a way that removes your husband's name on the mortgage and pays him the $30,000. The bank needs to record a satisfaction of mortgage or release of mortgage (either will work for your husband's sake) that refers to the mortgage that has his name on it. More importantly, the bank also needs to either give him a copy of the mortgage note marked paid or cancelled. He will, appropriately, be asked to sign a release of his lien on the property and be given a check for the appropriate amount. All this should occur at the same time at a closing, and the check should be either a cashiers check or certified.

You can e-mail me directly with any further questions at

svatndal@hickorytech.net

Re: Mortgage/Lien/Divorce Question

It is possible for her to refinance in a way that removes your husband's name on the mortgage and pays him the $30,000. The bank needs to record a satisfaction of mortgage or release of mortgage (either will work for your husband's sake) that refers to the mortgage that has his name on it. More importantly, the bank also needs to either give him a copy of the mortgage note marked paid or cancelled. He will, appropriately, be asked to sign a release of his lien on the property and be given a check for the appropriate amount. All this should occur at the same time at a closing, and the check should be either a cashiers check or certified.

You can e-mail me directly with any further questions at

svatndal@hickorytech.net