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newgal
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 Posted: Wed Feb 25, 2009 3:57 pm Post subject: Removal of name from mortgage |
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Hello-my ex bought a house and put my name on the Mortgage. My name is not on the Note. I was told we had to do this so if something happened to him I would be able to take over the house. He stopped making payments and I recieved a summons that we are both being sued. How do I get myself removed from the Mortgage since he can not refi the house?
Thank you for all your help.
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 ashleyblanton
Joined: 03 Feb 2009
Posts: 147
Location: San Diego, CA
30.61 Dollars($)
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| Posted: Wed Feb 25, 2009 4:02 pm Post subject: |
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If you are on the Mortgage, then you HAVE to be on the Note. I would consult an attorney to find out exactly what is going on.
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Ashley Blanton
VP of Operations
2180 Garnet Ave. 3EF
San Diego, CA 92109
(858) 768 - 0764
ashley(at)aplemail.com |
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| Posted: Wed Feb 25, 2009 4:05 pm Post subject: |
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| I live in Indiana-you do not have to be on the Note to be on the Mortgage. |
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ashleyblanton
Joined: 03 Feb 2009
Posts: 147
Location: San Diego, CA
30.61 Dollars($)
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| Posted: Wed Feb 25, 2009 4:22 pm Post subject: |
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Do you mean you are on the mortgage and not on the Title? I have been in this industry a long time. You HAVE to be on the note if you are on the mortgage.
_________________
Ashley Blanton
VP of Operations
2180 Garnet Ave. 3EF
San Diego, CA 92109
(858) 768 - 0764
ashley(at)aplemail.com |
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newgal
Guest
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| Posted: Wed Feb 25, 2009 4:24 pm Post subject: |
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| Well not in Indiana |
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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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| Posted: Wed Feb 25, 2009 10:21 pm Post subject: |
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Hi newgal,
As far as I know, your ex will have to refinance the loan in order to remove your name from the mortgage. Your ex may speak to the lender about Novation which is also a way to transfer mortgage. However, lenders always prefer refinance over novation.
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DocS
Guest
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| Posted: Fri Nov 06, 2009 4:41 pm Post subject: Need name removed from mortgage |
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| House deeded to ex (in her name), my name still on mortgage and insurance. I'm paying consolidation loan on house, she's paying mortgage. How can I remove my name. |
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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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| Posted: Fri Nov 06, 2009 10:36 pm Post subject: |
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Hi DocS!
Welcome to forums!
If you want to remove your name from the mortgage docs, then your ex will have to refinance the mortgage in her name.
Sussane |
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