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?


Asked on 4/16/07, 11:38 am

1 Answer from Attorneys

Scott R. Jay Law Offices of Scott R. Jay

Re: Property

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

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.

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Answered on 4/16/07, 11:49 am


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