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If you are going through a divorce can one spouse sign over their half of the mortgage to the other party without having to refinance? |
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It is my understanding that if both are on the mortgage, you must refinance so that you are both not held liable for the balance. If still on the note the other person would not be able to qualify for another house, car, etc. without that being considered as part of their debt.
First answer by ID402739338. Last edit by ID402739338. Question popularity: 7 [recommend question]
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Answers.com > Wiki Answers > Categories > Law and Legal Issues > Divorce and Marriage Law > If you are going through a divorce can one spouse sign over their half of the mortgage to the other party without having to refinance?
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Can you get your mortgage reduced since you divorce? Can one party of a divorce sign a quitclaim to a third party? In New Jersey does the spouse have to sign closing documents for a refinance? What happens when one person wants to sign over thier half of a property to the other party?
