Legal Question in Real Estate Law in New York

Real Estate and divorce

I am in the process of a divorce. My wife will pay me 1/2 the value of the house. If we secure an equity loan jointly, and then we become officially divorced, how can the title to the house be transferred to my wife and not have me be liable for the remainder of the loan? The original mortage will be paid off by the equity loan.


Asked on 10/17/01, 1:19 pm

1 Answer from Attorneys
Savyon Grant Law Office of Savy Grant

Re: Real Estate and divorce

You would have to refinanace the house.

Savy Grant

Attorney at Law

P.S. I handle mortgage refinancing. I can be reached at 201-646-9600.

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Answered on 11/24/01, 10:11 pm


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