Legal Question in Family Law in Florida
Property
My ex-husband and I own a home together, and per our settlement, I agreed to pay half the mortgage until the home was sold. The property has been on the market for 6 months now, and I can no longer afford my half of the mortgage. Neither one of us can afford to buy the other out. Since he is currently living in the home, is there any way for me to have my name taken off the mortgage?
1 Answer from Attorneys
Re: Property
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Lenders will generally not release any party from a mortgage once it has been given. The only way to have your name taken off the mortgage is to pay it off either by sale and payment or to refinance the existing mortgage.
Scott R. Jay, Esq.