Can I remove my ex-spouse’s name from my mortgage loan?
People often want to remove the name of an ex-spouse from a joint mortgage loan, pursuant to their divorce decree. If this is the case, some lenders will require proof of a properly executed divorce decree in order to process the assumption.
How to remove a spouse from a mortgage after a divorce?
Removing a Spouse from a Mortgage After Divorce. When spouses divorce, they must divide their real estate. This is most often accomplished by using a quitclaim deed to remove an ex-spouse from the deed to the property.
How do I get my spouse out of the family home?
In many divorces, the family home is by far the largest asset, so it’s important to make sure you handle this step correctly. An experienced attorney can help you deal with the bank and meet any other legal requirements to have your spouse removed from the mortgage and deed, and get your house in your name alone.
How do I take my Wife’s name off the mortgage deed?
Taking her name off the deed also removes any ownership she has in the home. Call your mortgage company to ask if you can remove your wife’s name. Explain the details of your situation, and provide the lender with documents to support your explanation.