Posted on: 15th Oct, 2013 01:29 am
Hello there... I am going through a divorce. In this process, the court has asked me either to sell off the property or to remove the ex-wife's name from the deed and loan. The property is in short sale now. It is a USDA loan. Will I be able to assume or refinance the loan to remove her from it?
As the property is already in foreclosure, it will not be possible for you to refinance or assume the loan. Most of the lenders will not allow it.
Hi Boria!
Welcome to the forums!
I agree with what Niicss has said. Given your present situation, you will not be able to qualify for any of the options.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
I agree with what Niicss has said. Given your present situation, you will not be able to qualify for any of the options.
Feel free to ask if you've further queries.
Sussane