---

Divorce & Mortgages in Texas

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
clintemorgan Joined: 13 May 2010 Posts: 1 1.30 Dollars($)	Posted: Thu May 13, 2010 8:55 am    Post subject: Divorce & Mortgages in Texas Like 0 Dislike 0 My wife and I are getting a divorce. She has a mortage on a house for which I signed the Deed of Trust but not the promissory note. As part of the divorce i must sign a special warranty deed to her giving up my rights to the property. If she were to default on the loan, would the bank be able to force me to pay the mortgage? If so, what should I do to be removed from the mortgage?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Fri May 14, 2010 12:47 am    Post subject: Like 0 Dislike 0 Hi clintemorgan! Welcome to forums! If your name is on the mortgage deed, then you would be responsible for the loan though you transfer your property to your wife. After you transfer the property, your wife will have to refinance the loan in her name to release you from the liability. Feel free to ask if you've further queries. Sussane

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0