Legal Question in Real Estate Law in California
I want to get my name off the house but wife doesnt quaility for loan in here name, is there another way to get my name off the loan? bank wont do it since she cant get a loan in her name so i am stuck, but i want my name off loan so I can go buy my own house
2 Answers from Attorneys
The only way to get your name off the house is to sell the house. Either the wife has to purchase the house or it has to be sold to a third party.
True, the only way to get your name off the house is to sell it (or give it away). But that's not what you're asking. You want to get your name off the LOAN. There are four ways to get your name off a loan:
1. Refinance, which includes selling and having the buyer get a new loan;
2. Default and suffer a foreclosure;
3. Have the loan restructured with the lender, or current beneficiary's, cooperation; or
4. Pay the loan off in full.
I don't know of any other routes to getting your name off the loan.
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