can you get someone off deed?

[Anonymous]

[quote=Anonymous][quote=Anonymous]In this situation, the family likely has young children and the spouse keeping the house can't qualify for a mortgage on his/her own.[/quote]

Right. And how is this the ex's problem?

They should refinance. If they can't afford that: move. [/quote]

Ex probably wants to keep kids in their home.

[Anonymous]

[quote=Anonymous]It's called an ASUMPTION.
You assume the mortgage and the deed without refinancing and incurring a ton of costs.
Just did this with my dead-beat ex last year. Worked out great for me, I have the house and mortgage and it cost me less than $1K.
[/quote]

Did you have to qualify with the lenders, or could you assume without documenting financials?

[Anonymous]

Anonymous wrote:

Anonymous wrote:The person who is on the mortgage but intending to be taken off the deed should insist on being taken off the mortgage as well. With a refinance.

Yeah, that person is a friggin idiot if he agrees to that.

+2 Yikes, that's what I was thinking!

[Anonymous]

[quote=Anonymous][quote=Anonymous]It's called an ASUMPTION.
You assume the mortgage and the deed without refinancing and incurring a ton of costs.
Just did this with my dead-beat ex last year. Worked out great for me, I have the house and mortgage and it cost me less than $1K.
[/quote]

Did you have to qualify with the lenders, or could you assume without documenting financials?[/quote]

Not the PP but I've also done an assumption in this situation. You do have to go through underwriting and qualify with your own income and assets. Also, my loan was not technically assumable, but my lender allowed it. Cost just over $900