cmvalentino
Junior Member
What is the name of your state (only U.S. law)? NY
During the divorce, it was agreed that the home would be given to my ex. The transfer papers and fees were done by me which resulted in my name being removed from the deed. I am finding out now after being denied for a loan
that they never took my name from the mortgage and it still appears on my credit report.
Since the Ex is incapacitated and her sister is her Legal Guardian, they claim they can not do anything at this time. My guess is that they can not obtain a new mortgage.
What are my options to have my name removed from the mortgage on the house. It is hurting my debt to income ratio for loan approval.
1. Can they be court ordered to rectify this being it was all court ordered with the transfer papers and fees?
2. Is a assumption of the mortgage the right way to go?
3. Can they be forced to sell the property if they can not qualify for refinance?
During the divorce, it was agreed that the home would be given to my ex. The transfer papers and fees were done by me which resulted in my name being removed from the deed. I am finding out now after being denied for a loan
that they never took my name from the mortgage and it still appears on my credit report.
Since the Ex is incapacitated and her sister is her Legal Guardian, they claim they can not do anything at this time. My guess is that they can not obtain a new mortgage.
What are my options to have my name removed from the mortgage on the house. It is hurting my debt to income ratio for loan approval.
1. Can they be court ordered to rectify this being it was all court ordered with the transfer papers and fees?
2. Is a assumption of the mortgage the right way to go?
3. Can they be forced to sell the property if they can not qualify for refinance?
