Name off home loan


#1

having been through the home loan/mortgage situation…you cannot simply remove your name. The house must be refinanced into the other party’s name.


#2

In my situation my name remained on the home; however, it stated in the court documents that I had no responsibility whatsoever for it (because my ex refused to refinance to take my name off, and I couldn’t afford to pay to do it). This helped me immensely when I went for my own home loan and the marital residence showed up.


#3

I ended up refinancing and I ended up with a better rate.

Good luck!


#4

In order for your name to be removed from the mortgage your Husband would need to refinance or assume the loan.

Helena M. Nevicosi
Attorney with Rosen Law Firm

4101 Lake Boone Trail, Suite 500
Raleigh, North Carolina 27607
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The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service only, a full discussion with an attorney should be undertaken before taking any action. The information posted on this forum is available for public viewing and is not intended to create an attorney client relationship with any individual. These answers are provided for informational purposes only, a person should consult with their own individual legal counsel before taking any action that could affect their legal rights or obligations.


#5

I had it in my divorce papers too. (ex was responsible) However, when he was late (to the point that forcloseure was strarted before his momma bailed him out) it reflected on MY credit. My rating dropped over 200 points. It effected everything from credit card APRs (I never missed/late payments) went from 14% to 33.3%. It has taken me five years to get the rates “down” to 20%. I had to have my home put in my momma’s name b/c of the credit rating. My ex also “promised” my name was off his checking account. The bank raided my account to the tune of 2000.oo my ex still hasn’t reinbursed me for. When dealing in financial matters ALWAYS make sure your name isn’t connected to something you aren’t able to pay. It will come back to bite… hard. I have remarried and DH understands my need to keep financials seperate. It isn’t that I don’t trust DH, but I will not put myself in the position to be burned like that ever again.


#6

If we file seperation papers can we take may name off our home loan? I want my husband to do this as I have debt I can not pay. Can my creditors seize our checking account or do I need to remove my name from it also?