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getting name off of mortgage

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Icon Mini Profile dave_ash_carson



Joined: 06 Aug 2008

Posts: 1



1.28 Dollars($)

PostPosted: Wed Aug 06, 2008 6:03 pm    Post subject: getting name off of mortgage

My mother has a mortgage in her name, i am the cosigner. I need to get my name off of it because it is effecting my credit score, and i can't purchase a house with my husband, how do i go about doing this?
 
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Icon Mini Profile adonis
adonis


Joined: 22 Oct 2005



Posts: 1457
Location: ALASKA


138.81 Dollars($)

PostPosted: Wed Aug 06, 2008 9:34 pm    Post subject:

Welcome dave,

You'll find the answer your query at http://www.mortgagefit.com/discuss/about1777.html . If you have further queries, feel free to ask.

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Procrastination is the enemy of your financial sucess
 
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Icon Mini Profile evolovik26
evolovik26
Community Experts
Community Experts

Joined: 15 Aug 2007

Posts: 484
Location: Minneapolis


20.02 Dollars($)

PostPosted: Wed Aug 06, 2008 9:43 pm    Post subject:

If you are a cosigner on a mortgage you cannot be taken off the loan unless the loan is satisfied ( refinanced, paid off, property sold )
The reason you were a cosigner in the first place was likely because it was assumed by the lender that you would share the debtload on this loan with your mother.

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Eugene Volovik
Home Loan Consultant
Countrywide

612-481-3127
Conventional, FHA and Commercial Lending
 
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