Legal Question in Real Estate Law in Texas
real estate
In a divorce my wife got a house and because of her credit the loan remained in my name and I held a deed of trust. I recieved a notice from the mortgage co. that the loan had been paid off, that she sold the house. Shouldn't I have had to sign off on something as the loan was in my name?
Thanks for any help you give.
1 Answer from Attorneys
Re: real estate
No. All your wife needed to do was pay off the loan, and the mortgage co. signed a release of their lien. If you also hold a deed of trust, then you may need to also sign a release of lien. It is probably not your responsibility to prepare or offer to do this, but if you are asked by your ex-wife or the buyer of the house to sign a release of your deed of trust lien, and you are satisfied that the loan got paid off, then you must cooperate.
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