Legal Question in Real Estate Law in Arizona
Remove my name from Mortgage & Equity loans
My fiance and I split up for good. We agree that he will keep our house and he agrees to take full responsibilty for the Mortgate and Equity Line of credit. What is the best way to remove my name and my responsibility for both loans without him refinancing. Thank you.
Asked on 7/21/08, 4:08 pm
2 Answers from Attorneys
Brian Blum
Blum Law Office, PLC
Re: Remove my name from Mortgage & Equity loans
You need to work this out with the bank. They're unlikely to cooperate. Practically speaking, refinancing is probably the only way to do it. Good luck.
Answered on 7/21/08, 4:11 pm
Cheryl Rivera Smith
The Smith Law Firm
Re: Remove my name from Mortgage & Equity loans
Only the lender can release you of liability and it is doubtful that it will. Sorry.
Answered on 7/21/08, 5:10 pm