Question: How Can I Get My Ex Off My Mortgage?

Can you take someone off a mortgage without refinancing?

You can remove a name from your mortgage without refinancing by informing your lender that you are taking over the mortgage, and you want a loan assumption.

Under a loan assumption, you take full responsibility for the mortgage and remove the other person from the note..

What happens if you split up and have a mortgage?

1. If you stop making the mortgage payments as a result of a relationship break-up, your lender will hold both of you liable and can pursue both of you for any arrears. The fact that one of you may have continued to pay ‘their’ share of the mortgage does not affect this principle.

Can a mortgage be taken out on property without the consent of one of the owners?

If you share property ownership with someone else — spouse, business partner, relative — it’s unlikely he can take out a mortgage or a home equity loan without your consent. It’s not, however, completely impossible.

Can I walk away from a joint mortgage?

Can I walk away from a joint mortgage? Yes, you can walk away from a joint mortgage but you will need to be allowed to do so by the mortgage lender. The mortgage lender will only let you walk away if the party or parties left or added on the joint mortgage can afford the mortgage.

How do I get out of a mortgage?

8 Ways to Get Out From Under a MortgageWalk Away. While it might seem like walking away is the last thing you want to do, some homeowners feel they’re left with no other option. … Deed in Lieu of Foreclosure. … Foreclosure. … Short Sale. … Sell Your Home. … Rent Your Home. … Settle with Your Lender. … Call Us at National Cash Offer.