Legal Question in Family Law in Alabama
I was recently divorced. My ex has bought a new home but is unable toget a home equity line. Her name is still on the equity line on my house and the bank said that to get it off I have to refinance but don't have enough equity due to the current market to refinance. Now my ex is threatening to take the remaining balance. What recourse do I have?
Asked on 3/01/10, 4:14 pm
1 Answer from Attorneys
James Seal
Law Office of James V. Seal, LLC
You don't have to refinance to have their name removed? Your divorce agreement should speak to this and be sufficient for the lending company to modify the mortgage.
Answered on 3/08/10, 6:03 am