Just wanting your name off of a mortgage isn't enough to scrape it off. To understand why this is consider for a minute that you are the lender and you have two people who signed a mortgage to borrow money to purchase a home. Would you want to reduce by half your ability to collect on the loan if the one person decides not to pay? Probably not and neither will this lender. The only way to accomplish this is to refinance the home.

I need my name off of a mortgage on a house I no longer live in.

 

A:

Just wanting your name off of a mortgage isn't enough to scrape it off. To understand why this is consider for a minute that you are the lender and you have two people who signed a mortgage to borrow money to purchase a home. Would you want to reduce by half your ability to collect on the loan if the one person decides not to pay? Probably not and neither will this lender. The only way to accomplish this is to refinance the home.




For good advice see a lawyer and if you have questions about this blog, the law or your case write or call me directly. Steve Lombardi, sdlombardi@aol.com and 515-222-1110. I handle all types of personal injury cases including car accidents, truck accidents, motorcycle accidents, workers' compensation cases. We help truckers all across the country who come through Iowa and end up in an accident. If we need other lawyers from other states we hire them and it costs you no more than what you would pay us; in other words, we split the fee between us. So call 515-222-1110 or email us at sdlombardi@aol.com. 
Steve Lombardi, Attorney



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