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assumption

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Icon Mini Profile vyoung





Joined: 11 Feb 2009

Posts: 1

1.30 Dollars($)
Post Posted: Wed Feb 11, 2009 11:21 am    Post subject: assumption
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My husband and I are getting divorced. He wants his name off the mortgage.He also doesn't want for the balance of the mortgage to be on his credit report if and when he gets a credit check. how can this be done?
I wanted to take over mortgage payments and put my mom on. How would this work?
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Post Posted: Wed Feb 11, 2009 2:05 pm    Post subject:
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I would think it owuld just be a matter of refinancing the mortgage using yourself and your mother and not your soon to be ex.
Icon Mini Profile vegas_storms





Joined: 12 Sep 2008

Posts: 67

3.54 Dollars($)
Post Posted: Wed Feb 11, 2009 4:31 pm    Post subject:
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Refinancing is probably your only choice as assuming loans is almost non- existent now a days and would have had to be part of the original loan paperwork.
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