Can I remove my name from mortgage after divorce?
Can I remove my name from mortgage after divorce?
There are two ways to remove an ex-spouse from a loan: Release and refinance. A lender may release the ex-spouse from the loan. If presented with a divorce decree and a quitclaim deed, many lenders will remove the ex-spouse and leave the loan in the name of one spouse only.
Does a divorce decree override a mortgage?
A divorce decree generally doesn’t change the original loan or credit agreement. Unless you were contractually released by the creditor or your former spouse refinanced the loan and removed your name from the loan, you still owe the debt and the creditor may still hold you responsible.
How do I remove my ex wife from my mortgage?
You usually do this by filing a quitclaim deed, in which your ex-spouse gives up all rights to the property. Your ex should sign the quitclaim deed in front of a notary. One this document is notarized, you file it with the county. This publicly removes the former partner’s name from the property deed and the mortgage.
How do I remove my ex partner from my mortgage?
Your ex-partner will almost certainly require your consent to remove you from the title deeds and/or mortgage. Usually after divorce or separation, one party applies for a transfer of equity to have the other removed from the title deeds, simultaneously enabling the lender to remove them from the mortgage.
Can a divorced couple remarry?
Hollywood actor Charlie Sheen recently said it’s possible to remarry his ex-wife. A growing number of divorced urban Indians believe the same. The 56-year-old remarried his first wife, Anupama (Pami), in 2008. Pami, 13 years his junior, was just 23 when she first married him in 1992.
Why would a divorce case be reopened?
An application to reopen your divorce case has to allege one of the following: deceit or fraud (for example, your spouse concealed information or gave you false information about an essential fact, such as the existence or true value of an asset) a fundamental inequity or unfairness in the divorce agreement itself.
