Legal Question in Real Estate Law in Florida

Divorced one year age spouse received home in the divorce and was give quit deed. lender was given imformation and asked to removed my name from loan. Lender removed name but said i would be lieable if ex didn't pay. Was told I should have did an assumption, can we still do this?


Asked on 7/29/11, 7:35 pm

1 Answer from Attorneys
William W. Fernandez, Sr., J.D. Law Ofc. Wm. W. Fernandez, Sr., J.D., Atty. at Law

Assumption will not help. It will not take U off the hook. Assumption is for someone who is not already obligated on the loan. Both of U signed 4 the loan, so both are obligated 2 pay it. She should have refinanced the loan 2 take U off. Only way to get U off is refinance.

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Answered on 7/30/11, 8:05 am


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