How can my current spouses name be removed from the current joint mortgage.

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Icon Mini Profile jratchen





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Post Posted: Mon Mar 30, 2009 7:20 am    Post subject: How can my current spouses name be removed from the current
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How can my current spouses name be removed from the current joint mortgage...The loan is in my name alone and only my income was considered. Will a refinance be required?
Icon Mini Profile gmakerley
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Post Posted: Mon Mar 30, 2009 7:26 am    Post subject:
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this is not clear - do you mean that the two of you own the home, but you are solely responsible for making payments? that seems to be the case, but you need to add some clarity.
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Icon Mini Profile jratchen





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Post Posted: Mon Mar 30, 2009 8:07 am    Post subject:
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Yes. Both names are on the mortgage, however, only my name is on the loan documentation.
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Post Posted: Mon Mar 30, 2009 8:41 am    Post subject:
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that makes your original question moot. if you are the only borrower, there's no need to refinance your mortgage except for the purpose of borrowing more money or reducing your rate.
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Icon Mini Profile jratchen





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Post Posted: Mon Mar 30, 2009 8:59 am    Post subject:
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I still need to know how to remove my spouses name from the mortgage/deed documentation, again the bank loan is in my name only. Will a quit deed work? The name was included on the mortgage at the time for inheritence issues. At this time, it is desired to have full ownership in my name alone for future sale purposes, inheritence etc. without any signature other than my own. Thanks
Icon Mini Profile gmakerley
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Post Posted: Mon Mar 30, 2009 9:04 am    Post subject:
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just for clarity - the mortgage is the document that secures the loan. if you are the only signer on the loan, then you are also the only signer on the mortgage.

as for the ownership of the property, which is apparently what you're trying to change: you and your spouse can prepare and record a quit claim deed (from the two of you to you only) and that'll give you ownership solely.

i think that ought to do it for the answers you needed.

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Icon Mini Profile jratchen





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Post Posted: Mon Mar 30, 2009 9:24 am    Post subject:
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Thanks!!
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Post Posted: Tue Mar 31, 2009 7:15 am    Post subject:
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Hi

From what you've mentioned it seems you want to remove your spouse's name from the title to the property. Well, if this is the case, a quitclaim deed should be enough to solve your issue.
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Post Posted: Mon Sep 13, 2010 10:15 am    Post subject: removing a spouses name from a mortgage
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my wife has disappeared the police have tried to find her but can't.It has been over a year now, my mortgage is up for renewal how can I get her name off the mortgage so I don't loose the house
Icon Mini Profile smithsussane
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Post Posted: Mon Sep 13, 2010 10:36 pm    Post subject:
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Hi puhlmann!

Welcome to forums!

You'll refinance the mortgage in your name in order to remove your spouse's name from the mortgage documents.

Feel free to ask if you've further queries.

Sussane
Icon Mini Profile gmakerley
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Post Posted: Fri Sep 17, 2010 11:17 am    Post subject:
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I suspect it won't be quite so easy, Sussane.

Puhlmann, you'll probably need to file a legal notice in your local newspaper to accomplish what you need. Contact an attorney in your area, discuss the situation, and move on from there.

Refinancing isn't an option when the title is jointly held and you're trying to do it on your own. Any lender you speak with is going to require that all parties to the deed be a part of any new loan you seek.

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