Question by Melissa V: Is it possible to take your name off a joint mortgage without the other person refinancing?
My boyfriend go divorced in July. They went through the whole process without lawyers and he only pays her child support.
The court said it was up to them to divide everything and get his name off the house because she kept it.
He signed a quit claim and the house is now hers, but his name is still on the mortgage and home equity loan (which she has been paying late) We want to buy a condo but my credit is not so great and he won’t be able to get a mortgage without his name being taken off the other one. She said the bank won’t let her refinance on her own because she doesn’t make enough money but she doesn’t WANT to ask her boyfriend (who lives in the house) to co-sign. Is there anything we can do to get his name off the mortgage without her refinancing since they are divorced and he is no longer living there.
Answer by MoneyMonkey
No, he’s stuck. The divorce should have including selling the house if she couldn’t refinance within 90 days. The mortgage company made the loan to both parties, and expects both parties to be held responsible. He can go to court and try to get an order for her to sell or refinance.
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