Need someone that knows about mortgages!!

[oonighttrain]

Is ist possible to just drop 1 of 2 names off a mortgage?

 

[ridermk]

The only way to do this which most banks will not do is a name delete assumption. It's not very common that a bank will do this. The best way to accomplish getting someone's name off is a complete refinance.

 

[modsledr]

Is the second person also on title?

Assuming they are, the lender will require a refi. You'll most likely be responsible for paying the excise tax for the value of the second persons share of equity (at least that's what would happen in WA...).

 

[Blu Du]

that doesn't sound good

 

[oonighttrain]

Is the second person also on title?

Assuming they are, the lender will require a refi. You'll most likely be responsible for paying the excise tax for the value of the second persons share of equity (at least that's what would happen in WA...).

yes, she is on the title.. i called my bank who holds the mtg. sounds like it may be a possibilty without a refi..

 

[Ox]

Where's MortgagePaul when you need him?

 

[ridermk]

where's mortgagepaul when you need him?

lol........nmfh...........