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Reply to "Divorce, refinancing gut check"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Can you do a quitclaim deed and ask the lender to release him from the mortgage as part of the divorce so you can keep your current loan?[/quote] But she needs money to pay him out of his share of the house. That's why she is doing a cash out refinance. [/quote] But can she do what PP said above, then take out a HELOC to payout her ex?[/quote] OP here... this is an interesting idea I hadn't considered. I'll look more into this.[/quote] I don't think he would agree to quit claim the house with a delayed HELOC payout. It's always done as one transaction in settlement. If OP is already approved for refinancing they probably already signed MSA and it's final. Bank won't give her funds without marital settlement agreement[/quote] Good point.[/quote]
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